Hassan Maishera
TL;DR
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Bitcoin has bounced back above $103k after dipping below $98k on Monday on DeepSeek news.
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MicroStrategy added 10.1k bitcoins to its holdings, bringing its total to 471,107.
BTC Trading Above $103k After Monday’s Flash Dip
Bitcoin, the leading cryptocurrency by market cap, is trading above $100k once again after dropping below $98k on Monday. The coin added over 3% to its value in the last 24 hours and now trades at $103,188 per coin.
The positive performance comes following a flash dip that began on Sunday, resulting in Bitcoin dipping below $98k. The bearish dip at the start of the week was caused by a broader selloff that affected the stock and crypto markets following the launch of DeepSeek AI in China.
The DeepSeek open-source AI caused panic in the AI market, with several AI tokens dipping by more than 10% on Monday.
However, the market has slightly recovered and could rally higher in the coming days. XRP and ADA are the best performers among the top 10 cryptocurrencies by market cap, up 6% in the last 24 hours.
BNB, Solana, and Dogecoin all added 5% to their values, while Tron’s TRX is up 3%. The total crypto market cap is now above $3.5 trillion after dipping to $3.3 trillion on Monday.
MicroStrategy Adds 10.1k Bitcoins to its Holdings
Michael Saylor’s MicroStrategy added bitcoins to its holdings for the 12th consecutive week. The company purchased 10,107 BTC for $1.1 billion at $105,596 per bitcoin and has achieved a BTC Yield of 2.90% YTD 2025. As of 1/26/2025, MicroStrategy hodl 471,107 $BTC acquired for $30.4 billion at $64,511 per bitcoin.
MicroStrategy has acquired 10,107 BTC for ~$1.1 billion at ~$105,596 per bitcoin and has achieved BTC Yield of 2.90% YTD 2025. As of 1/26/2025, we hodl 471,107 $BTC acquired for ~$30.4 billion at ~$64,511 per bitcoin. $MSTR https://t.co/UM5dGUS9Ma
— Michael Saylor⚡️ (@saylor) January 27, 2025
Furthermore, the company announced a preferred share offering of roughly $250 million as it looks to raise money to purchase even more bitcoins. MicroStrategy’s Series A Perpetual Preferred Stock (STRK) will have a $100 liquidation preference.
The company explained that each share of STRK is initially convertible into one-tenth of one share of Class A common stock at a conversion price of $1,000 per share of Class A common stock, in addition to an 8% cumulative preferred dividend.
