MicroStrategy announces purchase of 1,070 Bitcoins worth $101 million

Author: Helen Partz, CoinTelegraph; Compiler: Tao Zhu, Golden Finance

MicroStrategy, the largest Bitcoin holder, announced the purchase of 1,070 BTC in the last two days of 2024.

The company disclosed the purchase on January 6 and said it spent approximately $101 million in cash between December 30 and 31, 2024.

The average price of the acquisition was approximately $94,004 per Bitcoin, according to filings with the U.S. Securities and Exchange Commission.

MicroStrategy has not made additional Bitcoin purchases since December 31, according to its current Form 8-K filing.

MicroStrategy currently holds 447,470 BTC

Following the latest acquisition, MicroStrategy holds 447,470 BTC, as of January 5, for an acquisition price of approximately $27.97 billion, or $62,503 per BTC. This amount represents 2.1% of all mineable Bitcoins.

Similar to previous MicroStrategy Bitcoin purchases, the latest acquisition was made using proceeds from the issuance and sale of shares under a convertible note sale agreement.

The purchase occurred shortly after MicroStrategy co-founder Michael Saylor posted a Bitcoin chart on the SaylorTracker website on January 5, hinting at an imminent BTC purchase.