Bitcoin Price Eyes $150,000 After 25% August Surge as Strategy Buys $370 Million in BTC

• Bitcoin price surged nearly 25% in August, setting up a key test as September begins
• Michael Saylor’s Strategy bought 4,603 Bitcoin for $369.7 million, bringing its total holdings to 845,050 BTC
• CK Zheng, former Credit Suisse global head of valuation risk, gave a Bitcoin prediction of $150,000 by late 2027, saying its worst may be over

Bitcoin’s price is heading into September with a very different feel from where it started in August. The cryptocurrency has just posted its strongest monthly performance in years, while one of its biggest corporate holders has returned to the market with another sizable purchase. The buying comes at a curious point for Bitcoin, with the token still below its record high but fresh forecasts putting $150,000 back on the table. Now, the next move could be more important than the last one.

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Bitcoin Price Rally Gets Another Vote of Confidence From Strategy

Strategy has returned to buying Bitcoin after roughly 10 weeks on the sidelines, spending $369.7 million on 4,603 BTC between August 24 and August 30. The company paid an average of $80,318 per coin, taking its total holdings to 845,050 BTC.

This purchase is notable partly because of the timing. Strategy had gone several weeks without adding to its stash, even as Bitcoin started picking up momentum again. The latest buy suggests Michael Saylor’s company is still willing to put substantial money behind its long-running Bitcoin strategy.

Bitcoin’s August Rally Sets Up a Tricky September

Bitcoin gained roughly 25% in August, its strongest monthly performance since November 2024. The rally pushed BTC back toward the $80,000 level and briefly above it, although the cryptocurrency ended the month below that mark.

The problem for bulls is the calendar. September has historically been one of Bitcoin’s weaker months, with MarketWatch noting an average September decline of about 2.2% since 2014.

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Could Bitcoin Reach $150,000?

The $150,000 Bitcoin prediction is getting another look after CK Zheng, the former global head of valuation risk at Credit Suisse, said Bitcoin’s worst may be behind it. Zheng expects BTC to reach $150,000 by late 2027, pointing to a combination of greater regulatory clarity, institutional adoption and a potential new bull cycle.

Zheng also sees the potential passage of the CLARITY Act as an important catalyst. In his view, clearer rules could encourage more institutional investors to enter the market. He expects rising US government debt to play a role too, arguing that investors could increasingly turn to Bitcoin and gold as hedges against dollar debasement.

The forecast is ambitious from current levels. Bitcoin is currently trading around $78,821.95 when Zheng’s prediction was reported, meaning a move to $150,000 would represent roughly a 91% gain.

There is some independent support for the target. Bernstein analysts led by Gautam Chhugani also expect Bitcoin to reach $150,000 by mid-2027, while their longer-term base case puts the cryptocurrency at $300,000 by 2029. Bernstein has tied its outlook to rising sovereign debt, potential currency debasement and growing institutional participation.

This makes the $150,000 level more than a single bullish call, although the timelines differ slightly. For now, the target remains a forecast, and Bitcoin still has to navigate the volatility that has defined the market throughout 2026.

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