It was a relatively small purchase for the company, which now holds 713,502 bitcoin purchased at an average price of $76,052 each versus the current price of about $77,000.
Despite thousands of alternative tokens and institutional adoption, crypto markets in 2026 still largely move in lockstep with bitcoin, offering little real diversification.
Traders are zeroing in on a cluster of bids near $87,500 and repeated sell pressure under $90,000, a setup that looks like a tug of war into month end.
Months after the Oct. 10 liquidation cascade, market depth has yet to recover, and traders are divided over Binance's role as bitcoin continues to crash.
Bitcoin slid under $78,000 on Saturday as thin weekend liquidity magnified selling pressure, with traders pointing to Middle East tensions, U.S. political risk and lingering crypto-specific uncertainty.