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Bitcoin Price Skyrockets Above $100K as MicroStrategy Announces Latest Purchase
Bitcoin surpassed $100,000, reaching a peak of over $101,000 after MicroStrategy's latest BTC purchase.
This surge defied past trends where MicroStrategy’s announcements led to short-term price declines.
The firm bought 1,070 BTC for $101 million at an average of $94,004 per coin, its smallest recent acquisition.
MicroStrategy now holds 447,470 BTC, purchased for $27.97 billion at an average of $62,503 per bitcoin.
Despite recent modest purchases, the company plans to raise $2 billion to acquire more BTC, driving market momentum. 2 replies
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