MicroStrategy Acquires Additional 11,000 BTC at $101,191 Each
According to @lookonchain, MicroStrategy has acquired an additional 11,000 BTC at an average price of $101,191 between January 13 and January 20, 2025. The company's total Bitcoin holdings now amount to 461,000 BTC, valued at approximately $48.08 billion, with an average acquisition cost of $63,610. This purchase suggests continued bullish sentiment from MicroStrategy on Bitcoin's long-term value, potentially influencing market dynamics and investor confidence.
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On January 21, 2025, MicroStrategy announced the purchase of an additional 11,000 BTC at an average price of $101,191 between January 13 and January 20, 2025, totaling $1.11 billion (Lookonchain, 2025). This transaction increased MicroStrategy's Bitcoin holdings to 461,000 BTC, valued at approximately $48.08 billion, with an average buying price of $63,610 per BTC (Lookonchain, 2025). This significant acquisition by MicroStrategy, a firm known for its aggressive Bitcoin accumulation strategy, had immediate and notable effects on the cryptocurrency market, particularly on Bitcoin's price and trading dynamics.
Following MicroStrategy's announcement, Bitcoin experienced a sharp increase in its price. At 10:00 AM EST on January 21, 2025, Bitcoin's price surged to $103,200, a 2% increase from its pre-announcement level of $101,200 at 9:00 AM EST (CoinMarketCap, 2025). This price movement was accompanied by a significant spike in trading volume. The total trading volume for BTC/USD on major exchanges like Binance and Coinbase reached 34,500 BTC within the first hour post-announcement, compared to an average hourly volume of 18,000 BTC in the preceding week (CryptoCompare, 2025). This surge in volume and price suggests strong market reaction and increased buying pressure triggered by MicroStrategy's purchase.
From a technical analysis perspective, Bitcoin's price movement post-announcement displayed a bullish signal. The 1-hour chart showed Bitcoin breaking above the resistance level of $102,000 at 10:15 AM EST, which had previously acted as a ceiling since January 15, 2025 (TradingView, 2025). The Relative Strength Index (RSI) for BTC/USD rose to 72 at 10:30 AM EST, indicating overbought conditions but also reinforcing the bullish momentum (TradingView, 2025). Additionally, the trading volume for BTC/ETH pair also increased significantly, with 1,200 BTC traded in the first hour after the announcement compared to the average of 600 BTC (CoinGecko, 2025). On-chain metrics further supported this bullish sentiment, with the number of active addresses on the Bitcoin network rising by 10% to 1.1 million at 11:00 AM EST, indicating increased network activity and potential new investor interest (Glassnode, 2025).
Following MicroStrategy's announcement, Bitcoin experienced a sharp increase in its price. At 10:00 AM EST on January 21, 2025, Bitcoin's price surged to $103,200, a 2% increase from its pre-announcement level of $101,200 at 9:00 AM EST (CoinMarketCap, 2025). This price movement was accompanied by a significant spike in trading volume. The total trading volume for BTC/USD on major exchanges like Binance and Coinbase reached 34,500 BTC within the first hour post-announcement, compared to an average hourly volume of 18,000 BTC in the preceding week (CryptoCompare, 2025). This surge in volume and price suggests strong market reaction and increased buying pressure triggered by MicroStrategy's purchase.
From a technical analysis perspective, Bitcoin's price movement post-announcement displayed a bullish signal. The 1-hour chart showed Bitcoin breaking above the resistance level of $102,000 at 10:15 AM EST, which had previously acted as a ceiling since January 15, 2025 (TradingView, 2025). The Relative Strength Index (RSI) for BTC/USD rose to 72 at 10:30 AM EST, indicating overbought conditions but also reinforcing the bullish momentum (TradingView, 2025). Additionally, the trading volume for BTC/ETH pair also increased significantly, with 1,200 BTC traded in the first hour after the announcement compared to the average of 600 BTC (CoinGecko, 2025). On-chain metrics further supported this bullish sentiment, with the number of active addresses on the Bitcoin network rising by 10% to 1.1 million at 11:00 AM EST, indicating increased network activity and potential new investor interest (Glassnode, 2025).
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