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# MicroStrategy Resurrects Bitcoin Acquisition Binge, Pushing Value Over $100,000 Again
* Michael Saylor’s fixation on Bitcoin endures.
* His recent acquisition binge has triggered a considerable market recovery.
* Cryptocurrency values had been impacted amid wider AI anxieties.
Just as Bitcoin was encountering deficits amid a stock exchange slump, Michael Saylor has intervened to temporarily salvage the digital currency.
MicroStrategy revealed today that it has expended roughly $1.1 billion in funds to procure over 10,100 Bitcoins.
The corporation’s aggregate Bitcoin assets now surpass 470,000.
MicroStrategy, purportedly a software enterprise assisting vast businesses, has garnered market approval due to its Bitcoin acquisition binge.
Following the declaration of its recent acquisition, the value of the world’s biggest digital currency surged 2.5% in 60 minutes, briefly ascending above $100,000.
The value of Ether, the world’s second-biggest digital currency, also grew in tandem with Bitcoin, up approximately 2% to just beyond $3,100.
## AI Anxieties
Bitcoin’s fleeting surge occurred simultaneously with an extensive stock exchange sell-off.
The Nasdaq 100 and S\&P 500 decreased 3.1% and 1.8%, correspondingly.
The market despondency originates from accounts that a Chinese AI laboratory, DeepSeek, has cultivated an AI prototype that challenges OpenAI in expenditure.
In Apple’s App Store, DeepSeek’s application has already exceeded ChatGPT as the most favored complimentary iPhone application.
Nvidia, one of the world’s most prized corporations and a fabricator of AI microchips, witnessed its stock value plunge almost 11% in New York commerce.
Other technological titans promoting their current AI investments also confronted considerable stock diminutions.
Alphabet’s stock diminished 3.5%. Amazon diminished 3%, and Meta diminished 3.1%.
