Bitcoin

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<p>The price of Bitcoin soared by more than 2% this Monday, December 2, at the opening of Wall Street, driven by the announcement of a new major investment from MicroStrategy. The company confirmed that it had purchased $1.5 billion worth of BTC during the past week, rekindling hopes to see the cryptocurrency cross the symbolic threshold of $100,000 soon.</p>
<h2 id="h-microstrategy-poursuit-sa-strategie-d-accumulation-bitcoin-agressive">MicroStrategy continues its aggressive Bitcoin accumulation strategy</h2>
<p>MicroStrategy, under the leadership of <a href="https://www.cointribune.com/qui-est-michael-saylor-2/" target="_blank" rel="noopener noreferrer nofollow">Michael Saylor</a>, revealed this Monday in a document filed with the SEC that it has invested nearly an additional $1.5 billion in Bitcoin during the last week of November.</p>
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<p>This <a href="https://cointelegraph.com/news/bitcoin-jumps-micro-strategy-buy-100-k-btc-price-in-focus" target="_blank" rel="noopener noreferrer nofollow">new acquisition</a> further strengthens the company’s position as the largest institutional holder of publicly traded Bitcoin. According to CryptoQuant data, the company has now invested a total of $13.5 billion to acquire 149,900 BTC, a position whose value has jumped by $21.5 billion in just the last month.</p>
<p>This accumulation strategy continues to reflect Michael Saylor’s unwavering conviction in the potential of Bitcoin. The markets, traditionally slow to react to <a href="https://www.cointribune.com/en/microstrategy-will-be-worth-trillions/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy’s purchases</a>, this time responded positively with a marked increase in price, suggesting a possible change in market dynamics.</p>
<p>The impact of these massive acquisitions could prove even more significant in the coming weeks, as pointed out by Ki Young Ju, CEO of CryptoQuant: “<em>The Bitcoin market cannot absorb tens of billions of dollars in the short term without a strong price appreciation.</em>“</p>
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<h2 id="h-un-timing-strategique-avant-une-possible-adoption-par-microsoft">A strategic timing before a possible adoption by Microsoft</h2>
<p>The announcement comes at a crucial moment, as Michael Saylor is set to present a proposal to the board of <a href="https://www.cointribune.com/en/why-michael-saylor-is-urging-microsoft-to-invest-100-billion-in-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Microsoft on December 10</a>, aiming to integrate Bitcoin into the technology giant’s balance sheet.</p>
<p>This initiative could significantly catalyze the market, especially since Microsoft’s major shareholders – Vanguard, BlackRock, and Fidelity – already have exposure to the crypto sector through various holdings.</p>
<p>Technically, Bitcoin is currently consolidating around $96,000, after testing the support at $95,000. The RSI indicator suggests that this consolidation phase could serve as a springboard to new highs, with analysts now firmly pointing towards the $100,000 target.</p> 
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<p>The moment seems particularly ripe for a new phase of Bitcoin expansion, fueled by the growing interest from institutions and the prospect of even wider adoption by S&amp;P 500 companies. The question is no longer whether <a href="https://www.cointribune.com/en/100k-milestone-catalyst-or-illusion-for-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin will reach $100,000</a>, but when this historic threshold will be crossed.</p>

Bitcoin Climbs After A New Massive Purchase By MicroStrategy

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