Business intelligence firm Microstrategy announced its new Bitcoin purchase amount and shocked the whole Bitcoin community.
Microstrategy is a popular business intelligence firm, famous in the crypto space for its high amount of Bitcoin holding. Since 2020 this company has been buying Bitcoin under the leadership of its co-founder Michael Saylor. In 2021, Saylor stepped down from the company’s major roles to give his full time to the company’s Bitcoin-related work only.
On 21 Jan 2025, Michael Saylor, the executive chairman of MicroStrategy, informed that his company purchased 11,000 BTC at the trade price of $101,191.
The company spent a net $1.1 billion to buy this big amount of Bitcoin and now this company has 461,000 BTC valued at $48 billion.
It is worth it to note that the company spent a net $29 billion to purchase 461,000 BTC. So the company has these BTC at an average trade price of $63,610.
Following this news, the trade price of Bitcoin failed to show any big deflection. The current trade price of Bitcoin is $104,594 & this price level is 2.62% down over the last 24 hours trading period.
Donald Trump’s Inauguration & Regulatory Environment
On 20 Jan 2025, Donald Trump secured his position as the US president and days before he launched a meme token on the Solana network to ensure that he is also in the crypto space. During the presidential election campaign events in 2024, Trump promised to bring ProBitcoin rules & laws in the US to bring regulatory clarity for the business to operate crypto buisiness.
Now the majority of the big traditional players are ready to allocate capital in the crypto space.
Today Bank of America CEO stated that the crypto space is now ready to be adopted by the traditional financial industry.
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