#MicroStrategyAcquiresBTC
MicroStrategy to Continue Buying Bitcoin Through Late 2024
MicroStrategy continued to increase its bitcoin holdings at the end of last year, but scaled back purchases as the cryptocurrency’s largest asset by market value surged.
In a filing with U.S. regulators on Monday, the company said it bought about 1,070 bitcoins worth $101 million over the last two days of last year, at an average price of $94,000 per unit.
Earlier last week, the U.S. software company announced a $209 million purchase of bitcoin in the seven days ending Dec. 29, its eighth weekly purchase.
MicroStrategy is looking to capitalize on the crypto market momentum following Donald Trump’s presidential election victory, aiming to raise $42 billion over the next three years through stock and convertible bond sales, with the goal of buying more $BTC.
