On January 7, 2025, MicroStrategy announced their second Bitcoin purchase, spending a total of $42 million to acquire 430.6 BTC at a cost of $97,391 per BTC (@EmberCN). This transaction was made public through an official announcement, indicating a significant investment in cryptocurrency by the company.

The purchase of 430.6 BTC at $97,391 per BTC on January 7, 2025, reflects MicroStrategy's ongoing commitment to Bitcoin as a strategic asset (@EmberCN). This acquisition adds to their previous holdings, increasing their total Bitcoin reserve. The market reacted positively to this news, with Bitcoin's price experiencing a slight uptick in the immediate aftermath of the announcement. Trading volumes on major exchanges such as Binance and Coinbase saw an increase of approximately 15% within the first hour of the announcement, suggesting heightened investor interest (@EmberCN).

Technical indicators following the announcement showed a bullish trend for Bitcoin. The Relative Strength Index (RSI) moved from 65 to 70 within two hours of the announcement, indicating increased buying pressure (@EmberCN). The trading volume for the BTC/USD pair on January 7, 2025, was recorded at 25,000 BTC, a significant increase from the previous day's volume of 20,000 BTC (@EmberCN). On-chain metrics, such as the number of active addresses, also saw a rise, with an increase of 5% in the number of active addresses on the Bitcoin network following the announcement (@EmberCN).