🚀MicroStrategy continues to spend 101 million USD to purchase an additional 1,070 Bitcoin at an average price of 94,404 USD each BTC.
This is the ninth consecutive week the company has made purchases. In total, MicroStrategy currently holds 447,470 Bitcoin, valued at approximately 44.3 billion USD, with an average purchase price of 62,507 USD/BTC. At the current price, Mr. Michael Saylor's investment has increased in value by nearly 60%.
Not stopping there, MicroStrategy has also announced plans to raise 2 billion USD through preferred stock offerings in Q1 2025 to continue buying more Bitcoin.