Strategy has not bought Bitcoin in four weekly filings, its longest pause in two years. Q2 earnings on July 30 will test whether the freeze continues and how the shift is reshaping its treasury model.

Gold gained over 1% as a US-Iran fighting pause pushed oil lower, easing inflation and rate-hike fears across global markets.

Oil prices dropped after Iran said it would halt attacks if the US bombing pause holds, unwinding a chunk of the war-risk premium that had built up across energy and risk-asset markets.

Economists say the Fed holds Wednesday. Traders bet 36% on a hike. What the Fed rate decision means for Bitcoin.

Bitcoin has fallen more than 50% from its October 2025 record high near $126,000, remaining below that peak for 275 days.