{"id":6294,"date":"2025-01-06T15:17:18","date_gmt":"2025-01-06T15:17:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6294"},"modified":"2025-01-06T15:17:18","modified_gmt":"2025-01-06T15:17:18","slug":"bitcoin-price-skyrockets-above-100k-as-microstrategy-announces-latest-purchase","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6294","title":{"rendered":"Bitcoin Price Skyrockets Above $100K as MicroStrategy Announces Latest Purchase"},"content":{"rendered":"
\n

It has taken roughly three weeks for bitcoin to come out of the woods, skyrocket past $100,000, and tap a yearly peak of over $101,000.<\/p>\n

This came after the most recent MicroStrategy purchase, which is sort of unexpected given the developments after the previous such occasions.<\/p>\n

CryptoPotato<\/em> reported<\/a> last Monday, just after the NASDAQ-listed giant announced its then-latest BTC purchase, that the cryptocurrency plunged hard, going from over $94,000 to a monthly low of $91,300. Interestingly, similar price drops transpired after each of the previous MicroStrategy, otherwise bullish acquisitions.<\/p>\n

Now, though, the largest digital asset went on the offensive within an hour of the Saylor-led company\u2019s announcement on X. It went from $98,000 to its highest price tag since December 19 of over $101,000.<\/p>\n

\"BTC\/USD.<\/a>
BTC\/USD. Source: TradingView<\/figcaption><\/figure>\n

This price surge arrived after MicroStrategy\u2019s most modest BTC acquisition in the past couple of months. This time, the business intelligence software firm bought only 1,070 BTC for $101 million at an average price of $94,004 per one.<\/p>\n

This is a stark contrast from some of the multi-billion dollar purchases completed in November and early December. Nevertheless, most recent reports<\/a> indicated that the company aims to raise another $2 billion to accumulate more of the cryptocurrency.<\/p>\n

\n

MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01\/05\/2025, we hodl 447,470 $BTC<\/a> acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR<\/a> https:\/\/t.co\/CkLrLSkB5M<\/a><\/p>\n

\u2014 Michael Saylor\"\u26a1\" (@saylor) January 6, 2025<\/a><\/p>\n<\/blockquote>\n