MicroStrategy, a major corporate Bitcoin holder, has announced a fresh purchase of 1,070 BTC made in the last two days of 2024.
The company revealed the purchase on Jan. 6, stating that it spent approximately $101 million in cash in the period between Dec. 30–31, 2024.
The acquisition was made at an average price of roughly $94,004 per BTC, according to a filing with the United States Securities and Exchange Commission.
MicroStrategy has not made additional Bitcoin purchases since Dec. 31, as noted in its current Form 8-K filing.
Source: Michael Saylor
Similarly to previous MicroStrategy’s Bitcoin buys, the latest acquisition was made using proceeds from the issuance and sale of shares under a convertible notes sales agreement.
The purchase came shortly after MicroStrategy co-founder Michael Saylor hinted at the upcoming BTC purchase by posting the Bitcoin chart from the SaylorTracker website on Jan. 5.
This is a developing story, and further information will be added as it becomes available.
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