Українська
Русский
English
Bitcoin rises above $95,000 after MicroStrategy purchase and stable CPI data
Bitcoin reached its highest level in nearly two months on Tuesday evening after major corporate holder MicroStrategy announced a $1.3 billion cryptocurrency purchase, while moderate U.S. inflation data also supported market sentiment.
The world’s largest cryptocurrency climbed 4.4% to $95,280.3 by 00:34GMT. Bitcoin also rose as high as $96,033.3.
The rally largely followed MicroStrategy Inc (NASDAQ:MSTR), led by Michael Saylor, disclosing the purchase of 13,627 coins at an average price of $91,519, totaling $1.25 billion.
This acquisition increased MicroStrategy’s total Bitcoin holdings to 687,410 coins, reinforcing its position as the largest corporate holder of the cryptocurrency.
It marked MicroStrategy’s largest Bitcoin purchase since July 2025 and was financed through the sale of common stock and preferred equity.
The purchase helped ease some concerns over a slowdown in MicroStrategy’s Bitcoin buying, given that the company had acquired only modest amounts of the cryptocurrency since mid-December.
In addition to the MicroStrategy purchase, Bitcoin also received some support from largely in-line U.S. consumer price index data for December. Core CPI came in slightly below expectations but matched the November reading.
However, the data had little impact on market expectations that the Federal Reserve will keep interest rates unchanged at the end of January.
Broader cryptocurrency markets also tracked Bitcoin’s gains. The world’s second-largest cryptocurrency Ethereum jumped 7.3% to $3,322.50, while XRP rose 5%.
See also: "Santiment: weak network growth prevents Solana from rising above $145"
