Bitcoin crosses $95,000 for first time since February

It’s off to the races this Monday for bitcoin, which crossed $95,000 for the first time since February 24.

As Michael Saylor tends to do, following a teasing post on X, “Stay humble. Stack sats,” the Strategy cofounder said Monday morning the company acquired “15,355 BTC for ~$1.42 billion at ~$92,737 per bitcoin and has achieved BTC Yield of 13.7% YTD 2025.”

Strategy, the largest corporate bitcoin holder, now has 553,555 bitcoin, worth roughly $52 billion at today’s prices.

Things are shaping up well for bitcoin, which has been on an upward trajectory since last week.

Geoff Kendrick, global head of digital assets research at Standard Chartered Bank, wrote in a Monday note that bitcoin “is headed for the next leg higher.”

“We expect a strategic asset reallocation away from US assets to trigger the next sharp upswing in bitcoin in the coming months,” he said.

He predicts bitcoin will reach a “fresh all-time high of $120k in Q2. Then onto my $200k end-year forecast,” which isn’t quite as bullish as Cathie Wood’s Ark Invest projection of $2.4 million by 2023, but still more than double its current price.

According to him, several factors are supporting the bullish view:

“US Treasury term premium (which has a close correlation to BTC) is at a 12-year high. Time-of-day analysis suggests that US-based investors may be seeking non-US assets. Meanwhile, Bitcoin accumulation by ‘whales’ (major holders) has been strong.”

The record ETF flows from last week is another bullish indicator for bitcoin.