MicroStrategy has acquired 7,633 Bitcoin (BTC) for approximately $742.4 million. The company now holds 478,740 BTC. The purchase was made at a time when BTC was trading around $97,000. As of writing, BTCUSD is showing bullish movement on intraday charts.

Continued Acquisitions and Strategic Moves

This follows a recent acquisition of 1,070 BTC for $101 million. The company’s average purchase price across all holdings is approximately $62,503 per BTC. On December 29, MicroStrategy bought 2,138 BTC for $209 million, increasing its total to 446,400 BTC. The company has been making weekly acquisitions, funded through its at-the-market program, which retains $6.88 billion.

Previously, the company acquired 5,262 BTC for $561 million at an average price of $106,662 per BTC. The average acquisition cost per BTC stood at $62,257, according to Finance Magnates.

MicroStrategy was added to the Nasdaq 100 index on December 23, 2024. This inclusion places the company alongside major firms and provides indirect Bitcoin exposure through the Invesco QQQ Trust ETF.

BTCUSD Faces Resistance at 98,200 Level

The BTCUSD H1 chart shows that the price reacted around 95,700 today, moving upward. The 98,200 level has acted as an intraday resistance. This level produced a bearish engulfing candle followed by a doji. A bullish engulfing candle could attract buyers once again, potentially pushing the price towards 100K.

Meanwhile, DeepSeek AI has presented three potential scenarios for Bitcoin in 2025. In the base case, Bitcoin is expected to trade between $100,000 and $150,000, as reported by Finance Magnates.

In a bullish “hyperbitcoinization” scenario, the price could rise to $350,000. Alternatively, a black swan scenario could see Bitcoin reaching $500,000. These projections suggest expectations of increased institutional adoption and broader acceptance of blockchain in global finance.