Economy Events Country 2026-01-14T10:10:57+00:00

Bitcoin Hits Record High After Strategic's Purchase

Bitcoin's price hit $95,231.4 after «Strategic» announced buying 13,627 coins for $1.25 billion. US inflation data also boosted the cryptocurrency.


Bitcoin Hits Record High After Strategic's Purchase

Other digital currencies have surpassed Bitcoin, also backed by US Consumer Price Index inflation data for December, which largely matched expectations. With this deal, the «strategic» holdings owned by entrepreneur Michael Saylor rise to 687,410 Bitcoins, solidifying its position as the largest company owner of this currency. The core Consumer Price Index also came in slightly below expectations but was in line with November's reading. Bitcoin's price rose to $95,231.4 on Wednesday after «Strategic» announced the purchase of an additional 13,627 coins at an average price of $91,519 each, for a total value of $1.25 billion. However, this data did not...