MicroStrategy has acquired 7,633 Bitcoin (BTC) for
approximately $742.4 million. The company now holds 478,740 BTC. The purchase
was made at a time when BTC is trading around $97,000. As of writing, BTCUSD is
showing bullish movement on intraday charts.
Continued Acquisitions and Strategic Moves
This follows a recent
acquisition of 1,070 BTC for $101 million. The company’s average purchase
price across all holdings is approximately $62,503 per BTC. On December 29, MicroStrategy
bought 2,138 BTC for $209 million, increasing its total to 446,400 BTC. The
company has been making weekly acquisitions, funded through its at-the-market
program, which retains $6.88 billion.
Previously, the
company acquired 5,262 BTC for $561 million at an average price of $106,662
per BTC. The average acquisition cost per BTC stood at $62,257, according to
Finance Magnates.
Strategy just bought another 7,633 Bitcoin worth $742 million.They now hold 478,740 $BTC. pic.twitter.com/BeSoMPcxnp
— Wealth Mastery by Lark Davis (@WealthMastery_) February 10, 2025
MicroStrategy was added to the Nasdaq 100 index on December
23, 2024. This inclusion places the company alongside major firms and provides
indirect Bitcoin exposure through the Invesco QQQ Trust ETF.
BTCUSD Faces Resistance at 98,200 Level
The BTCUSD H1 chart shows that the price reacted around
95,700 today, moving upward. The 98,200 level has acted as an intraday
resistance. This level produced a bearish engulfing candle followed by a doji.
A bullish engulfing candle could attract buyers once again, potentially pushing
the price towards 100K.
Meanwhile, DeepSeek
AI has presented three potential scenarios for Bitcoin in 2025. In the base
case, Bitcoin is expected to trade between $100,000 and $150,000, as reported
by Finance Magnates.
In a bullish “hyperbitcoinization” scenario, the
price could rise to $350,000. Alternatively, a black swan scenario could see
Bitcoin reaching $500,000. These projections suggest expectations of increased
institutional adoption and broader acceptance of blockchain in global finance.
This article was written by Tareq Sikder at www.financemagnates.com.
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