On May 24, 2026, Strategy executive chairman Michael Saylor said the firm "bought bonds, not bitcoin" during the week, drawing attention to financing steps after holdings rose to 843,738 BTC. The company's dashboard showed bitcoin reserves valued near $64.45 billion, alongside figures that highlight how debt, preferred stock, and cash reserves factor into its treasury planning.

SpaceX said in an S-1 registration statement filed with the U.S. SEC that it holds 18,712 BTC, carried at a fair value of $1.293 billion as of March 31, 2026. The company disclosed an average purchase cost of around $35,324 per BTC, or roughly $661 million in total, implying an unrealized gain of nearly 119%. The filing comes ahead of SpaceX’s planned IPO and is presented as its first public breakdown of a Bitcoin treasury position.

Bitcoin dipped under $75,000 on Saturday morning before rebounding toward $77,000 at the time of writing. Analyst Darkfost said LTH supply rose from 15 million to 15.8 million BTC over two days, but argued the change is skewed by Coinbase's internal transfer of roughly 800,000 BTC between November 22nd and 23rd. BTC later traded around $76,490, up about 1% over 24 hours, while Darkfost pointed to resistance just above $80,000 near the STH cost basis.

Bitcoin was trading around $77,000 on May 24, 2026 after failing again near the 200-day moving average at $82,000-$83,000, keeping traders focused on whether $60,000 could be revisited. Over the prior two weeks, spot Bitcoin ETFs saw $2.26 billion of net outflows while perpetual swap funding stayed negative for 81 straight days, two signals pointing to cautious positioning. Analysts highlighted $81,000-$85,000 as resistance and $75,000-$76,000 as a key support zone to hold.

The Bitcoin Rainbow Chart outlines a wide BTC range for June 1, 2026, spanning roughly $59,186 to $491,731 across its sentiment bands. With Bitcoin trading near $77,000, the model places it in the "BUY!" zone, and the nearest band-based level for that date is about $79,670 if the valuation band holds.

Reports of progress toward a US-Iran 60-day ceasefire extension and a potential reopening of the Strait of Hormuz helped lift Bitcoin above $77,000 on improved risk sentiment. CoinGecko data captured around 11:30 UTC on May 24, 2026 showed BTC at $77,101, up 3.2% over 24 hours, after a sharp move that began near 20:00 UTC. Later reporting indicated Iran has not agreed to ship out its highly enriched uranium stockpile, leaving key uncertainty around the durability of the rally.

Nasdaq has introduced regulated, exchange-listed Bitcoin index options, a product the article argues could make it easier for institutions to hedge spot-linked exposure and potentially scale allocations. CoinGecko data cited in the piece shows Bitcoin opened the week near $78,000, slid to $74,000 on May 22–23, then rebounded on May 24 to around $76,843, with the week ending at $76,856.

On May 24, 2026, Cathie Wood said she believes Bitcoin's recent drawdown reflects a bottoming process, citing institutional resilience and a large deleveraging washout. She attributed the Jan. 10 flash-crash sequence to tariff-driven selling pressure followed by a Binance software glitch that triggered auto-deleveraging, and estimated $28–30 billion in forced liquidations cleared. Wood also argued the four-year cycle may be getting less extreme as institutions learn, while pointing to M2 growth of 4.9% and potential velocity stabilization as a key variable.