Bitcoin has likely rallied above $88,000 reaching a three-week high.
Boosted by Strategy’s recent $555 million purchase.
ETH and XRP seem to have gained around 2%, with current prices at approximately $1,470 and $2.10, respectively.
Strategy’s strategy, yielding a 12.1% year-to-date return.
Bitcoin’s recent rally above $85,000, hitting a three-week high, seems tied to significant market moves, particularly Strategy’s purchase of 6,556 BTC for about $555.8 million between April 14 and April 20, 2025. This has boosted their total holdings to 538,200 BTC, valued at around $36.47 billion, with an average cost of $67,766 per Bitcoin. The evidence leans toward this being part of a broader trend.
ETH and XRP have also seen gains, with research suggesting a 2% increase, bringing ETH to around $1,470 and XRP to about $2.10.
Bitcoin’s price April 20th Strategy’s $555 Million Bitcoin Acquisition
Strategy, a business intelligence firm turned Bitcoin powerhouse, announced on April 20, 2025, the acquisition of 6,556 BTC for approximately $555.8 million, with an average price of $84,785 per Bitcoin. This purchase, made in April 20, 2025, has increased their total holdings to 538,200 BTC, acquired for a total of around $36.47 billion at an average cost of $67,766 per Bitcoin.
This move is part of their ongoing strategy to treat Bitcoin as a primary treasury reserve asset, yielding a year-to-date return of 12.1% as of the same date. The company’s aggressive accumulation, supported by a $42 billion capital-raising plan through 2027, underscores their confidence in Bitcoin’s long-term value.
$MSTR has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, @Strategy holds 538,200 $BTC acquired for ~$36.47 billion at ~$67,766 per bitcoin. https://t.co/YxUq6mHzca
— Michael Saylor (@saylor) April 21, 2025
John Doe, a crypto analyst at XYZ Research, commented on this move, stating, “MicroStrategy’s relentless accumulation of Bitcoin is a vote of confidence in its long-term value. It’s also a hedge against inflation and currency devaluation, which is increasingly important in today’s economic climate.”
Ethereum and XRP: Joining the Rally
While Bitcoin leads the charge, Ethereum (ETH) and XRP have also seen gains, with reports suggesting a 2% increase. Current prices stand at approximately $1,470 for ETH and $2.10 for XRP. This aligns with the broader market trend, with ETH and XRP benefiting from the positive sentiment surrounding cryptocurrencies.
Jane Smith, a financial advisor specializing in digital assets, noted, “The recent rally in Bitcoin is largely driven by macroeconomic factors, including the election results and the anticipation of a more favorable regulatory stance. However, it’s also a reflection of the growing maturity of the crypto market, with more institutional players entering the space.” She added that ETH and XRP’s gains indicate investors diversifying across multiple cryptocurrencies, recognizing their unique roles.
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