On December 30 and 31, 2024, a software company MicroStrategy Inc. purchased $101 million worth of Bitcoin.
As disclosed in a filing with the United States Securities and Exchange Commission, the company acquired 1,070 Bitcoin at an average price of approximately $94,000 each.
This move is in line with MicroStrategy’s strategy to expand its holdings of Bitcoin, led by its chairman and co-founder Michael Saylor. As of now, the company holds approximately $44.3 billion worth of Bitcoin, positioning itself as a major player in the cryptocurrency market.
Additionally, MicroStrategy has announced its intention to raise up to US$2 billion through offerings of perpetual preferred stock in the first quarter of 2025.
