MicroStrategy added Bitcoin, increasing reserves to $44.3 billion at current levels.
Bitcoin remains above $99,000 on market optimism and adoption.
Michael Saylor via X said that MicroStrategy bought more Bitcoin. Optimism and global popularity help Bitcoin reach $100,000.
MicroStrategy Buys 1,070 Bitcoin for $101 Million
MicroStrategy purchased an additional 1,070 Bitcoins for $101 million at a price of around $94,000 each.
As of January 5, Saylor reported that the company owned 447,470 bitcoins purchased for $27.97 billion at $62,500 each. The company's reserves are worth $44.3 billion at current prices.
Saylor's notes via X show MicroStrategy's Q4 2024 Bitcoin return of 48% and FY24 return of 74.3%.
The US SEC has received MicroStrategy's Form 8-K with official data.
On Bitcoin’s 16th anniversary, the company revealed its current goals. MicroStrategy 21/21 plan includes raising $2 billion to buy additional Bitcoin.
Bitcoin is trending above $100,000 on institutional acceptance and high expectations.
Bitcoin surpasses $99,000
Bitcoin is trading above $99,000, up more than 1% in 24 hours.