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Bitcoin’s Price Dropped Again After MicroStrategy’s Latest BTC Acquisition
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Bitcoin’s Price Dropped Again After MicroStrategy’s Latest BTC Acquisition
Jan 21, 2025 7:12 AM

The worlds largest corporate bitcoin holder continues to amass more BTC and keeps making announcements on the first business day of the week.

Interestingly, the latest statement resulted in another price drop for the largest digital asset, which is something that has transpired on several occasions in the past.

MicroStrategy has acquired 11,000 BTC for ~$1.1 billion at ~$101,191 per bitcoin and has achieved BTC Yield of 1.69% YTD 2025. As of 1/20/2025, we hodl 461,000 $BTC acquired for ~$29.3 billion at ~$63,610 per bitcoin. $MSTR https://t.co/SOgvMscghy

After the last couple of more modest purchases, the latest one was worth over a billion USD, which allowed the NASDAQ-listed business intelligence software company to amass another 11,000 BTC. Its total stash has grown to 461,000 BTC, acquired for $29.3 billion at an average price of $63,610 per bitcoin.

The paper value of the BTC fortune is close to $47.5 billion, according to prices at press time.

Shortly after Michael Saylor made the announcement on X, BTCs price headed straight south. The asset had climbed to over $105,000 after the massive volatility encountered yesterday before and after Trumps inauguration ceremony but slumped by over two grand within minutes to under $103,000.

This is an intriguing and perhaps somewhat surprising development given the fact that MicroStrategys purchases should be regarded as bullish moves. However, it has been noticed in the past that BTC tends to lose value immediately after such an announcement.

In the most violent example from the end of 2024, the primary cryptocurrency dumped from over $94,000 to a monthly low at the time of $91,300. Nevertheless, the asset has managed to recover from the initial losses within days at most.

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