MicroStrategy Buys 1,070 Bitcoins for  $101 Million

MicroStrategy, the leading corporate holder of Bitcoin, has recently announced it has purchased 1,070 BTC for approximately $101 million. This transaction, completed on December 30-31, 2024, has brought the company’s total Bitcoin holdings to 447,470 BTC.

With this latest move, MicroStrategy now has a total investment of $27.97 billion in Bitcoin, with an average purchase price of $62,503 per Bitcoin. The timing of this purchase coincides with a surge in Bitcoin prices, which recently surpassed the $100,000 mark.

After finding support at $91,000, the cryptocurrency broke through the $100,000 level, indicating a bullish breakout. While this purchase demonstrates MicroStrategy’s continued commitment to Bitcoin, it also suggests a slowdown in its acquisition strategy.

In December 2024, the company only acquired 45,370 BTC, a significant decrease compared to its previous buying spree. To fund its Bitcoin acquisitions, the company has been utilizing proceeds from the issuance and sale of shares under convertible notes sales agreements.