Bitcoin (BTC) swung sharply on Sunday, briefly sliding from $81,430 to $80,520 before rebounding nearly 2.3% to $82,347. The move followed US President Donald Trump's Truth Social post rejecting Iran's counterproposal to a peace deal. The price surge coincided with about $64 million in short liquidations over the last four hours.

On May 10, Strategy President and CEO Phong Le said MSTR’s valuation should reflect more than the bitcoin held on its balance sheet, citing enterprise software operations, compliance infrastructure, and global scale. In Q1 2026, the company said its software unit delivered its strongest quarter in a decade, with revenue up 12%, cloud revenue up 59%, and controllable margin improving 27%.

Bitcoin (BTC) pushed higher after holding support around $79,200 and reclaiming the $81,500 area. Price is trading above $80,750 and the 100-hour simple moving average, while consolidation continues below $82,450. A break above $82,450 could open the door to $83,200 and $84,000, while support is watched at $80,800 and $80,000.

A bitcoin address created on Nov. 27, 2013 moved 500 BTC on May 10 after roughly 12.5 years of inactivity, as BTC traded between $80,500 and $82,458 on Bitstamp. Across 11 dormant wallets created from 2013 to 2017, 859.13 BTC worth $69.47 million was spent between blocks 948694 and 948822, with much of it moving into new Bech32 (Segwit) addresses.

Bitcoin hovered around the $80,500–$81,000 area in May 2026 while the $80,000 level became a key liquidity battleground. Public mining companies sold nearly 32,000 BTC in Q1 2026, alongside renewed movement from older wallets, including a 14-year-old address that distributed 11,300 BTC. Despite the added supply, BTC continued to defend $80,000, though persistent distribution could raise volatility if demand cools.

Michael Saylor has been outlining how Strategy's perpetual preferred stock STRC differs from BTC and MSTR by emphasizing dividends, liquidity, and steadier pricing rather than upside tied to bitcoin moves. STRC currently pays an 11.50% annual dividend in monthly cash payments and is designed to trade near its $100 par value, with Strategy also proposing a shift to twice-monthly payouts starting from a June 30 record date and a July 15 payment date. Strategy's dashboard lists 818,334 BTC holdings, which Saylor links to the company's broader preferred-equity financing approach.

Michael Saylor indicated Strategy could restart Bitcoin purchases this week after a Tuesday Q1 earnings call where he said the firm may periodically sell portions of its BTC treasury. Strategy last bought 3,273 BTC for about $255 million on April 27, bringing holdings to 818,334 BTC, worth about $61.8 billion at publication. The company says its average cost is about $75,537 per Bitcoin and the position was up about 7.6% at the time of writing.

Bitcoin's post-halving history suggests prior cycle lows formed 875–917 days after halving, while the current 2024 cycle is about 750 days in. BTC has gained close to 15% across March and April, yet May sentiment remains cautious as it trades sideways near $80k. At the same time, 78.3% of supply is now held by long-term holders, a 4.2-point shift equal to 830,000 BTC moving into longer-term wallets, alongside six straight weeks of net inflows for US spot Bitcoin ETFs.