MicroStrategy, a major institutional Bitcoin holder, announced that it purchased an additional 1,070 BTC in the last two days of 2024. The company said in a statement on January 6 that it spent approximately $101 million in cash between December 30 and 31, 2024. The purchase was made at an average price of $94,004, according to a filing with the U.S. Securities and Exchange Commission. MicroStrategy has not purchased any other Bitcoin since December 31. This purchase, like its previous Bitcoin purchases, was financed with the proceeds from the sale of shares under a convertible note sales agreement. Share your thoughts in the comments.