Wolfe Research outlines eight risks that could spark stock declines in 2026
Gold scales new record high after benign US CPI; silver hits peak above $90/oz
Citi upgrades near-term Brent outlook to $70/bbl on rising geopolitical risks
We told you first: These two AI-picked stocks are already up 60%+ this month
Adds details, updates prices
Investing.com-- Bitcoin rose on Wednesday after major corporate holder Strategy announced a $1.3 billion purchase of the crypto, although the crypto curbed some of its gains as data showed retail demand remained weak.
Theworld’s largest cryptorose 3.4% to $95,001.9 by 01:01 ET (06:01 GMT). Bitcoin hit a near two-month high of $96,033.3 on Tuesday evening.
Get more breaking news and price insights on Bitcoin with InvestingPro
Gains in Bitcoin came chiefly after Michael Saylor’s Strategy Inc (NASDAQ:MSTR) disclosed it had purchased 13,627 coins at an average cost of $91,519, for a total of $1.25 billion.
The buy brings Strategy’s total Bitcoin stockpile to 687,410 coins, reinforcing its position as the largest corporate holder of the coin.
The purchase was Strategy’s largest Bitcoin buy since July 2025, and was funded through the sale of common stock and preferred equity.
The buy helped cool some concerns over Strategy slowing down its Bitcoin purchases, given that the company had bought only marginal numbers of the crypto since mid-December.
Strategy is nursing a nearly 50% loss in its valuation in 2025, as heightened concerns over the long-term prospects of its Bitcoin buying saw traders largely dump the stock. Strategy was also pressured by a sustained decline in Bitcoin prices, which spurred concerns that it may be forced into selling its Bitcoin holdings to meet debt obligations.
Demand for Bitcoin in U.S. retail markets remained weak, especially as the coin’s price on Coinbase Global traded at a discount to the global average.
Bitcoin’s price on Coinbase is used as a gauge of U.S. retail sentiment towards the crypto, given the exchange’s major share of U.S. markets.
That price was now seen trading at a continued discount to global averages, Coinglass data showed, indicating that retail demand was weak.
Coinglass data showed Bitcoin had traded at a discount on Coinbase since mid-December-- with the crypto’s average price also having drifted lower in the period.
Broader crypto prices outpaced Bitcoin on Wednesday, also taking some support from largely in-line U.S.consumer price indexinflation data for December.Core CPIalso read slightly below expectations, but was in line with November’s reading.
But the print did little to shift market expectations that the Federal Reserve will leave interest rates unchanged in late-January.
World no.2 cryptoEtherrose 6.1% to $3,325.22, trimming some of its intraday gains, whileXRProse nearly 4%.
SolanaandBNBadvanced between 2.5% and 3%, whileCardanorallied 7.3%.
Among memecoins,Dogecoinrose nearly 6%, while$TRUMPadded 5.3%.
