Bitcoin price soars above $100,000 as MicroStrategy announces latest purchase

It has taken roughly three weeks for bitcoin to come out of the woods, rocketing past $100,000 and reaching a yearly high of over $101,000.

This came after the most recent purchase of MicroStrategy, which is somewhat unexpected given the developments since the previous occasions.

CryptoPotato reported last Monday, just after the NASDAQ-listed giant announced its latest BTC purchase, that the cryptocurrency fell sharply, falling from over $94,000 to a monthly low of $91,300. Interestingly, similar price drops followed each of MicroStrategy’s previous, otherwise bullish, acquisitions.

Now, however, the biggest digital asset went on the offensive an hour after the Saylor-led firm’s announcement on X. It jumped from $98,000 to its highest price since Dec. 19, over $101,000.

BTC/USD. Source: TradingView

This price increase came after MicroStrategy’s more modest BTC acquisition in the past two months. This time, the business intelligence software company bought just 1,070 BTC for $101 million at an average price of $94,004 apiece.

This is a stark contrast to some of the multimillion-dollar purchases made in November and early December. However, the most recent reports indicated that the company is aiming to raise another $2 billion to accumulate more cryptocurrency.

MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and achieved a BTC return of 48.0% in Q4 2024 and 74.3% in FY2024. As of 05/01 /2025, there are 447,470. $BTC acquired for ~$27.97 billion at ~$62.503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M

— Michael Saylor⚡️ (@saylor) January 6, 2025

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