MicroStrategy Reveals Latest $101 Million Bitcoin Acquisition

MicroStrategy, one of the largest corporate holders of Bitcoin, closed out 2024 with a significant purchase, adding 1,070 BTC to its reserves.

The company disclosed the acquisition on January 6, revealing that it spent approximately $101 million in cash during the final two days of December.

According to a filing with the U.S. Securities and Exchange Commission (SEC), the Bitcoin was acquired at an average price of $94,004 per BTC. The purchase was funded through proceeds from the issuance and sale of shares under a convertible notes agreement, consistent with the company’s previous Bitcoin acquisitions.

MicroStrategy’s co-founder and executive chairman, Michael Saylor, had hinted at the acquisition before its official announcement. On January 5, he posted a Bitcoin price chart from the SaylorTracker website, sparking speculation about the company’s plans.

READ MORE:

XRP Attracts Attention with Positive Market Sentiment

While no additional Bitcoin purchases have been made since December 31, this latest acquisition underscores MicroStrategy’s continued commitment to expanding its Bitcoin holdings, reinforcing its position as a major player in corporate crypto investment.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.