Bitcoin News: MicroStrategy Expands Bitcoin Holdings with $1.1 Billion Purchase

MicroStrategy, the leading corporate holder of Bitcoin, has made another significant addition to its cryptocurrency portfolio. The company recently acquired 11,000 BTC, spending approximately $1.1 billion at an average price of $101,191 per Bitcoin. This marks the eleventh consecutive week of Bitcoin purchases by MicroStrategy, further solidifying its position as a major player in the cryptocurrency market.

MicroStrategy Increases Bitcoin Holdings with 11,000 BTC Purchase

MicroStrategy, the world's largest corporate holder of Bitcoin, has further increased its BTC holdings by purchasing an additional 11,000 Bitcoin. The acquisition took place between January 13th and January 20th, with the company spending approximately $1.1 billion at an average price of $101,191 per BTC. This marks the company's eleventh consecutive week of Bitcoin acquisitions. Additionally, MicroStrategy has achieved a Bitcoin yield of 1.69% year-to-date (YTD) for 2025.

Crypto Industry to Overpower Global Regulators, Thanks to Trump – South Africa Cenbank Chief

At the World Economic Forum in Davos, South Africa’s central bank governor, Lesetja Kganyago, expressed skepticism about Bitcoin as a reserve asset, a concept popularized by US 'crypto president' Donald Trump. Kganyago compared holding Bitcoin in reserves to stockpiling beef or apples, sparking debate among top crypto executives present, including Coinbase CEO Brian Armstrong. Armstrong highlighted the 'Trump effect' on the crypto market, noting Bitcoin's surge to an all-time high NEAR $110,000 following Trump's election. The discussion underscored the significant influence of political figures on the cryptocurrency landscape.

MicroStrategy Spends Another $1.1 Billion On Bitcoin Acquisitions

MicroStrategy, under the leadership of founder Michael Saylor, has continued its aggressive Bitcoin purchasing trend by acquiring an additional 11,000 BTC for approximately $1.1 billion. This acquisition marks the firm's third major Bitcoin purchase of the year, bringing its total holdings to 461,000 BTC, acquired for about $29.3 billion at an average price of $63,610 per Bitcoin. Throughout December 2024, Saylor made steady Bitcoin purchases, starting with a $2.1 billion buy and followed by a $1.5 billion purchase a week later. MicroStrategy has become one of the world's largest Bitcoin holders, reflecting Saylor's strong belief in the cryptocurrency's value.

Ross Ulbricht’s Trump Pardon Odds Hit 93% on Polymarket After Elon Musk’s Tweet

The chances of Ross Ulbricht, the convicted founder of the darknet market website Silk Road, being pardoned by United States President Donald Trump during his first week in office just went up by more than 16%. Data on the decentralized betting platform Polymarket shows Ulbricht has a 93% chance of leaving prison within the next few weeks. The surge in the odds of Trump pardoning Ulbricht came shortly after the American Billionaire Elon Musk commented on an X post about placing the Silk Road founder’s pardon at the top of the president’s executive order stack. “Ross will be freed too,” Musk stated, implying that Ulbricht would likely be pardoned sooner than later. In 2013, U.S. authorities arrested Ulbricht on several charges, including running Silk Road, which facilitated illegal transactions using cryptocurrencies like Bitcoin.

Bitcoin (BTC) Price Prediction for January 21

Bitcoin's price recently surged toward $109,000 but couldn't maintain its momentum, quickly falling to a low of $100,119. The trading volume for Bitcoin has declined by over 2.12% over the past 24 hours, reaching $103.3 billion. Looking at a broader time frame, Bitcoin dropped below $100,000 on January 7 and has generally been on a downward trend since then. It hit a low of about $89,397 on January 13 but has begun to recover from this decline. Over the last 24 hours, its total market capitalization has risen by 2.3% to $2.07 trillion. Bitcoin’s price dropped because Donald Trump didn’t mention anything about cryptocurrencies during his inauguration speech. This led to a big sell-off, with over $100 million total positions being sold off within an hour after the speech ended.