Bitcoin has reached a new all-time high of $82,500 as MicroStrategy announced the purchase of an additional 27,200 BTC for approximately $2.03 billion. This purchase aligns with MicroStrategy's ongoing strategy of integrating Bitcoin into its financial operations.
The acquisition increased MicroStrategy's holdings to about 279,420 BTC, valued at nearly $23 billion. The company's treasury operations have yielded a Bitcoin increase of 7.3%, benefiting shareholders significantly. MicroStrategy's stock rose 11% following the announcement.
Bitcoin's price rise is also linked to the positive investor sentiment post-Donald Trump's election win, which has propelled the market to record inflows, particularly from US investors. This has been fueled by expectations of a more favorable cryptocurrency regulatory environment under Trump's administration.
Additionally, US investors contributed significantly to the inflows, marking a broader positive trend in cryptocurrency investments as global assets under management reached $116 billion. Analysts predict Bitcoin might hit $100,000 by year-end, spurred by increased institutional adoption and favorable market conditions.
