MicroStrategy Acquires 1070 Bitcoins
MicroStrategy, a leading company in the finance sector, recently made an exciting announcement. They’ve added 1,070 Bitcoins to their portfolio during the final two days of 2024, spending around $101 million in cash. According to reports, the average price per Bitcoin for this acquisition was approximately $94,004.
Since December 31, there have been no further Bitcoin purchases by MicroStrategy, as confirmed in their latest Form 8-K filing. With this latest addition, MicroStrategy now holds a total of 447,470 BTC, acquired for roughly $27.97 billion at an average price of $62,503 per BTC as of January 5th.
This move showcases MicroStrategy’s continued commitment to Bitcoin investment. It’s impressive to see the company adapting to the evolving financial landscape in such an impactful way. Stay tuned for more updates on this developing story. Don’t forget to follow us on social media for the latest news and insights!
