It took Bitcoin about three weeks to break out of its slump, soaring above $100,000 and hitting a yearly high of over $101,000.

This came after MicroStrategy’s latest purchase, which is quite surprising given the developments following previous similar cases.

After the NASDAQ-listed giant announced its then-latest BTC purchase, the cryptocurrency took a sharp dive, falling from over $94,000 to a one-month low of $91,300. Interestingly, similar price drops have occurred after each of MicroStrategy’s previous acquisitions.

However, the largest digital asset has now gone on the offensive within an hour of the company’s announcement, rising from $98,000 to its highest price since December 19 at over $101,000.

This price jump came after MicroStrategy’s most modest BTC purchase in a couple of months. This time, the business intelligence software firm bought just 1,070 BTC for $101 million, at an average price of $94,004 per coin.

This is in stark contrast to some of the multi-billion dollar purchases made in November and early December. However, recent reports indicate that the company is looking to raise another $2 billion to amass more cryptocurrency.

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