MicroStrategy announces the purchase of additional Bitcoin (BTC) as the largest cryptocurrency hits an all-time high of $82,500.
MicroStrategy acquires approximately 27,200 BTC for approximately $2.03 billion, bringing its total Bitcoin holdings to nearly $23 billion with an average purchase price of $42,692 per Bitcoin.
Digital asset investment products experience inflows of $1.98 billion following the US presidential election, contributing to the overall global assets under management (AuM) in cryptocurrencies reaching an all-time high of $116 billion.
Bullish momentum in the crypto market is fueled by a sense of euphoria following Trump's election, with some predicting that Bitcoin could reach $100,000 by the end of the year.