$BTC

#MicroStrategyAcquiresBTC

MicroStrategy Continues to Buy Bitcoin Through Late 2024

MicroStrategy continued to increase its Bitcoin holdings at the end of last year, but reduced the size of purchases as the largest cryptocurrency by market value surged.

In a disclosure to US regulators on Monday, the company said it bought about 1,070 Bitcoins worth $101 million during the last two days of last year, at an average price of $94,000 per unit.

Earlier last week, the US software company announced a $209 million purchase of Bitcoin in the seven days ending December 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.