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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jan 20, 2025 17:30 UTC
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MicroStrategy Hits Pause on Bitcoin Buys After 10 Consecutive Purchases
After 10 consecutive Bitcoin purchases by MicroStrategy, this week marked a pause, with Michael Saylor not announcing any new acquisitions.
As of January 20th, 2025, MicroStrategy’s Bitcoin holdings have reached 450,000 BTC, acquired at a cumulative cost of around $28.2 billion, with an average acquisition price of $62,691 per Bitcoin.
Michael Saylor’s Vision and Latest Moves
Michael Saylor continues to demonstrate unwavering commitment to Bitcoin, signaling potential for another purchase. His cryptic social media post, “Things will be different tomorrow,” coincides with President-elect Donald Trump’s inauguration. His public endorsement and continued accumulation of Bitcoin are seen as a signal of confidence in the cryptocurrency’s long-term value.
Bitcoin Price Today Hit New ATH
On January 20, 2025, Bitcoin reached an all-time high of $109,225 per Bitcoin, driven by a combination of market optimism, launch of Trump-themed memecoins, as well as President Donald Trump’s inauguration.
Total liquidations in the cryptocurrency market reached $1.25 billion in 24 hours, indicating the day’s severe market volatility. Bitcoin led the way, with $264 million in liquidations.
The soaring price of Bitcoin has been a major factor in boosting the value of MicroStrategy’s holdings. For MicroStrategy, the skyrocketing price of Bitcoin has directly translated into increased profits. The company’s decision to hold such a large amount of Bitcoin means that it stands to benefit significantly from the appreciation of the cryptocurrency.
Donald Trump’s Inauguration
January 20, 2025, also marked the inauguration of Donald Trump as the 47th President of the United States. Trump, who has been an advocate of pro-business policies, is expected to bring a favorable stance toward cryptocurrencies, which has fueled optimism in the markets.
Trump’s inauguration coincided with Bitcoin’s price surge, which some analysts attribute to the political shift and anticipated regulatory developments that could benefit the cryptocurrency market.
Outlook
MicroStrategy’s strategic accumulation of Bitcoin, coupled with Michael Saylor’s leadership, underscores the company’s commitment to digital assets.
The recent surge in Bitcoin’s price and the inauguration of a pro-crypto president may further influence the company’s investment decisions and the broader cryptocurrency market.
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