MicroStrategy Buys $101M Bitcoin
MicroStrategy added Bitcoin, increasing reserves to $44.3 billion at current levels.
BTC stays over $99,000 because to market optimism and adoption.
Michael Saylor stated via X that MicroStrategy purchased more BTC. Optimism and worldwide popularity are helping BTC reach $100,000.
MicroStrategy Buys 1,070 BTC for $101M
MicroStrategy acquired 1,070 additional Bitcoins for $101 million at around $94,000 each.
As of January 5, Saylor reported that the business possessed 447,470 BTC bought for $27.97 billion at $62,500 each. The company's reserves are worth $44.3 billion at current prices.
Saylor's notes via X show MicroStrategy's Q4 2024 BTC yield of 48% and FY 2024 yield of 74.3%.
The US SEC received MicroStrategy's Form 8-K with the official data.
On Bitcoin's 16th anniversary, the business disclosed its current goals. MicroStrategy's 21/21 Plan involves raising $2 billion to acquire additional BTC.
BTC is headed over $100,000 because to institutional acceptance and high projections.
Bitcoin Exceeds $99,000
BTC is trading over $99,000, up over 1% in 24 hours.
In addition to fresh BTC ETF inflows and anticipation about the Trump administration's National Bitcoin Reserve, other optimistic reasons support BTC's price.
US Treasury Calls BTC “Digital Gold”
A US Treasury study labels Bitcoin “digital gold.”
The papers also state that crypto's market size is tiny compared to traditional financial and physical assets, but its use cases are evolving.
The study also noted these interests:
Bitcoin is mostly used as digital gold in DeFi.
Crypto growth relies on speculation.
Using blockchain and DLT to create new applications and enhance financial market clearing and settlement infrastructure
#TrumpBTCBoomOrBust #CryptoReboundStrategy #MicroStrategy #101MBTC $BTC
