Saylor's MicroStrategy Buys 3,459 Bitcoin, Price Rises

Bitcoin's price rose to nearly $85,000 following positive trade-related news and a modest rally in the broader market. Federal Reserve Governor Christopher Waller suggested potential rate cuts if Trump-era tariffs were reinstated, contributing to market optimism. Concurrently, MicroStrategy, led by Michael Saylor, continued its bullish stance by purchasing 3,459 Bitcoin for $285.8 million, with the purchase boosting Bitcoin's price by 2.5% shortly after the announcement. This acquisition raised MicroStrategy's total Bitcoin holdings to 531,644 BTC, increasing their unrealized profit to over $9.1 billion. The news of MicroStrategy's purchase also saw an immediate surge in trading volume and a positive impact on Bitcoin's technical indicators. Despite global market uncertainties, MicroStrategy's actions reflect strong confidence in Bitcoin's future value.