MicroStrategy, the largest corporate holder of Bitcoin, has announced a recent purchase of 1,070 BTC during the final two days of 2024.
The company disclosed this acquisition on January 6th, revealing that it spent approximately $101 million in cash on December 30th and 31st, 2024.
According to a filing with the United States Securities and Exchange Commission, the purchase was made at an average price of around $94,004 per Bitcoin (BTC).
MicroStrategy has not made any additional Bitcoin purchases since December 31st, as stated in its most recent Form 8-K filing.
Currently, MicroStrategy holds 447,470 BTC.
Following this latest acquisition, MicroStrategy now possesses 447,470 BTC, which was acquired for approximately $27.97 billion at a rate of $62,503 per BTC as of January 5th. This amount accounts for 2.1% of the total Bitcoin that will ever be mined.
Similar to previous Bitcoin purchases made by MicroStrategy, the latest acquisition was funded using proceeds from the issuance and sale of shares under a convertible notes sales agreement.
This purchase occurred shortly after MicroStrategy co-founder Michael Saylor hinted at an upcoming BTC purchase by sharing the Bitcoin chart from the SaylorTracker website on January 5th.
Please note that this is an ongoing story, and additional information will be provided as it becomes available.