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MicroStrategy Announces Bitcoin Purchase as BTC Price Plunges
**January 13, 2025**
In a surprising move, MicroStrategy, a leading business intelligence firm, has announced yet another significant purchase of Bitcoin (BTC) despite the cryptocurrency’s recent price plunge.
The latest acquisition brings the company’s total holdings to over $1.2 billion worth of BTC, further solidifying its commitment to digital assets.
“We’re excited to continue building our position in the world’s premier cryptocurrency,” said Michael Saylor, MicroStrategy’s CEO. “Our vision is to create long-term value for shareholders and support the growth of decentralized finance.”
The announcement comes amid a challenging market environment, with BTC prices plummeting below $17,000. The latest drop has sparked concerns about a possible bearish trend, but it seems that MicroStrategy is undeterred.
As previously reported by U.Today, institutional investors have been increasingly interested in cryptocurrency investments, driven largely by the growing adoption of digital assets across various industries.
MicroStrategy’s move to continue buying Bitcoin during a market downturn underscores its confidence in the asset’s long-term potential and ability to hedge against inflation.
Source: u.today
