Bitcoin (BTC) 
$96,606 price reached the $99,800 level today, bringing good news for altcoins. However, short-term optimism may fade as history suggests potential downturns. MicroStrategy’s CEO announced another BTC purchase, and such announcements have historically led to declines in cryptocurrency markets.
Potential Bitcoin Drop
If history repeats itself, BTC could experience a decline in the coming hours. Could this time be different? Michael Saylor recently revealed that his company has increased its BTC reserves. Such announcements have consistently contributed to the downward trends in Bitcoin, discouraging expectations of reaching six-figure levels.
MicroStrategy’s BTC Holdings Surge
MicroStrategy now holds a total BTC reserve of 447,470, making it the largest public company with BTC assets. Investors are buying MSTR shares due to its massive BTC reserves, leading to a surge in stock price, hitting levels not seen since the dot-com bubble.
The average cost of the latest purchase was $94,004 per unit, totaling $101 million. The average cost of the entire reserve has now risen to $62,503, a significant increase from the previous average of around $30,000.
