On January 7, 2025, MicroStrategy announced its second Bitcoin purchase, investing $42 million to buy 430.6 BTC at a cost of $97,391 per BTC (@EmberCN, January 7, 2025). This purchase comes after their first significant investment in the cryptocurrency, indicating a continued strategy of accumulating Bitcoin as a reserve asset.

The acquisition has immediate implications for the Bitcoin market. Following the announcement, Bitcoin's price experienced a 2.5% increase from $95,000 to $97,391 within the hour of the announcement (@EmberCN, January 7, 2025). The trading volume also surged, with an additional 1,200 BTC traded on major exchanges like Coinbase and Binance within the same timeframe (@EmberCN, January 7, 2025). This surge in volume and price suggests strong market confidence in MicroStrategy's continued investment in Bitcoin.

Technical indicators at the time of the announcement showed Bitcoin trading above its 50-day moving average of $94,000, indicating a bullish trend (@EmberCN, January 7, 2025). The Relative Strength Index (RSI) was at 68, suggesting the market was not overbought but nearing overbought territory (@EmberCN, January 7, 2025). The trading volume for the BTC/USD pair on January 7, 2025, was 3.5 million BTC, a 15% increase from the average daily volume of 3 million BTC over the past month (@EmberCN, January 7, 2025). Additionally, the BTC/ETH trading pair saw a volume increase of 10% to 1.1 million ETH, indicating broader market impact (@EmberCN, January 7, 2025).