As of May 12, 2025, Bitcoin$BTC #NewsTrade #TradeStories
is trading around $104,330, nearing its all-time high of $109,000 from December 2024. Notably, Michael Saylor's company has increased its holdings to 568,840 BTC, and New Hampshire has become the first U.S. state to establish a strategic Bitcoin reserve.
Current Bitcoin Market Overview
Bitcoin is currently trading at approximately $104,330, just below its record peak of $109,000 reached in December 2024.
Major Developments
Michael Saylor's Company: Strategy has made headlines by acquiring an additional 13,390 BTC for $1.34 billion, bringing its total holdings to 568,840 BTC. This acquisition was funded through stock sales, and the average purchase price has adjusted to $69,287 per Bitcoin.
Market Reactions
Shares of MSTR (Michael Saylor's company) are trading 2% higher in pre-market hours following the announcement of their Bitcoin acquisition.