$92K Support Held By Bitcoin Price With Surging Stablecoin Minting & Microstrategy Buying

• MicroStrategy bought 2,530 BTC for $243M between January 6th to 12th, 2025.
• MicroStrategy funded this acquisition by selling 710,425 shares, with 6.5 billion shares available for future issuance.
• The $92K support zone in Bitcoin price has been tested three times in recent months, with institutional players minting stablecoins to stabilize the price.

MicroStrategy, a business intelligence giant known for its aggressive Bitcoin strategy, has further improved its status as a top corporate Bitcoin holder.

In its recent filing with the U.S. SEC, the company revealed it purchased 2,530 BTC between January 6 and January 12, 2025, at an average price of $95,972 per Bitcoin. The total value of this acquisition was $243 Million, bringing MicroStrategy’s total Bitcoin Reserves in its treasury to 450,000 BTC.

This purchase marks the tenth consecutive week of acquisitions under its “21/21 Plan of convertible bonds.” The latest buy was executed at the same average price of $95,972 per Bitcoin, while the overall average cost of all 450,000 BTC comes to $62,691 per Bitcoin.

MicroStrategy’s ongoing purchases highlight its unwavering commitment to Bitcoin as a central component of its long-term corporate strategy.

The latest acquisition comes amid a volatile period for Bitcoin price. The cryptocurrency briefly hit a high of $102,000 on January 7, 2025, the highest point of the year, before retracing.

Even in the past 24 hours, Bitcoin price dropped below $89,000 but quickly rebounded due to strong institutional demand and the minting of new stablecoins to maintain support.

Continue reading to know more.

Microstrategy’s Bold Step to Fund the Latest Bitcoin Acquisition to Increase Their Bitcoin Reserves in Traesury

MicroStrategy funded its recent Bitcoin purchase by selling 710,425 shares between January 6 and 12. In a new SEC filing, the firm disclosed it has 6.5 billion shares available for future sale or issuance. This would allow them to produce capital while aggressively accumulating BTC.

Moreover, MicroStrategy reported a 0.32% Bitcoin yield from January 1 to January 12. This yield is reflecting the rate at which its Bitcoin holdings are growing relative to its shares.

As a matter of fact, this yield metric indicates the company’s ability to expand its cryptocurrency assets without significantly diluting shareholder value.

Additionaly, as of January 13, MicroStrategy has acquired 450,000 BTC, worth approximately $42.63 Billion at current prices.

Did the Newly Minted Stablecoins Cusion Bitcoin’s Fall?

After Bitcoin price underwent a sell-off in mid-December 2024, from its all-time high of $108K, it dropped to a strong support level around $92K. A brief rally at the start of January 2025 briefly pushed Bitcoin above $100K again. However, those gains were quickly erased within 48-72 hours.

When writing, the said $92K support zone has been tested three times. It was tested, once in November 2024, again in December 2024, and now in January 2025.

A closer look shows that a notable trend, during the last two tests, massive fiat inflows were used to mint new stablecoins. This suggests that large institutional players are actively intervening to prevent Bitcoin prices from falling further.

For example, during the New Year rally from December 31, 2024, to January 7, 2025, over $75 Million worth of new stablecoins were minted, helping push Bitcoin price above $100K.

Now, a similar pattern occurred again when Bitcoin price has hit the $92K support zone again, with a large liquidity sweep candle indicating fresh buying pressure. This time, from January 10th onwards, a total of $24.5 Million worth of new stablecoins were minted, mirroring the New Year mints.

This indicates that institutional players are minting stablecoins to support the market. Even MicroStrategy’s recent Bitcoin acquisitions align with this trend, showing that major players are building their Bitcoin reserves.

Additionally, if stablecoins are minted at this pace, further market growth is likely. Large minting activity typically enhance market sentiment and liquidity, further driving the positive outlook.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.