Business intelligence firm Microstrategy announced the new Bitcoin purchase amount and surprised the entire Bitcoin community.
Microstrategy is a popular business intelligence company, famous in the crypto space for its large amount of Bitcoin. Since 2020, this company has been purchasing Bitcoin under the leadership of its co-founder Michael Saylor. In 2021, Saylor stepped down from his primary duties at the company to dedicate his full time solely to the company’s Bitcoin-related work.
On January 21, 2025, Michael Saylor, CEO of MicroStrategy, reported that his company purchased 11,000 BTC at the trading price of $101,191.
The company spent a net $1.1 billion to purchase this large amount of Bitcoin and now this company has 461,000 BTC valued at $48 billion.
It is worth noting that the company spent a net $29 billion to purchase 461,000 BTC. So, the company has these BTC at an average trading price of $63,610.
Following this news, the trading price of Bitcoin did not show any major deviation. The current trading price of Bitcoin is $104,594 and this price level is down by 2.62% over the last 24 hours of the trading period.
Donald Trump’s inauguration and the regulatory environment
On January 20, 2025, Donald Trump secured his position as President of the United States and days before launched a meme token on the Solana network to ensure that he too is in the crypto space. During the events of the 2024 presidential election campaign, Trump promised to implement ProBitcoin rules and laws in the US to provide regulatory clarity for the company to operate cryptocurrency businesses.
Now most of the big traditional players are ready to allocate capital in the crypto space.
Today, the CEO of Bank of America stated that the crypto space is now ready to be adopted by the traditional financial industry.
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