Despite a previous pattern of price drops following MicroStrategy's BTC acquisitions, the company's latest purchase of 1,070 BTC for $101 million triggered a notable price surge for Bitcoin.
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. This came after the most recent MicroStrategy purchase, which is sort of unexpected given the developments after the previous such occasions. 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. Now, though, the largest digital asset went on the offensive within an hour of the Saylor-led company’s announcement on X. It went from $98,000 to its highest price tag since December 19 of over $101,000. This price surge arrived after MicroStrategy’s 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. This is a stark contrast from some of the multi-billion dollar purchases completed in November and early December. Nevertheless, most recent 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 The Future of NFTs: A Transformation, Not a TombstoneSign-up FREE to receive our extended weekly market update and coin analysis report Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk
BITCOIN MICROSTRATEGY CRYPTO MARKET INVESTMENT PRICE SURGE
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