On 1/6, MicroStrategy said it acquired 1,070 Bitcoins (BTC) for approximately $101 million, equivalent to approximately $94,004 per Bitcoin. The company achieved a 48.0% Bitcoin return in Q4 2024 and a 74.3% return for the full year (FY24). As of January 5, 2025, MicroStrategy held 447,470 Bitcoins, which were acquired at a cost of approximately $27.97 billion, equivalent to approximately $62,503 per Bitcoin.
KULR also announced that it spent 21 million magnesium to buy Bitcoin
KULR Technology Group, another battery energy storage company new to Bitcoin, also announced the purchase of Bitcoin on the same day, spending US$21 million to buy 213.43 Bitcoins at an average cost of 98,246, and currently holds 430.61 Bitcoins.
(KULR joins MicroStrategy in implementing a bitcoin financial strategy, with stock price soaring nearly 5 times in a single month)
This article reports that MicroStrategy purchased 1,070 bitcoins for $101 million; KULR bought 213 bitcoins, first appearing in Chain News ABMedia.
