MicroStrategy kicks off 2025 with 1K Bitcoin purchase announcement
MicroStrategy has commenced 2025 with the announcement of a new Bitcoin purchase totaling 1,070 BTC, made in the last two days of 2024. The company disclosed the purchase on January 6, indicating that approximately $101 million in cash was spent between December 30 and 31, 2024. This acquisition was achieved at an average price of around $94,004 per BTC, as revealed in a filing with the United States Securities and Exchange Commission. Notably, this marks the first Bitcoin acquisition after MicroStrategy's last purchase on December 31, 2024. The funding for this latest purchase was sourced from proceeds generated through the issuance and sale of shares under a convertible notes sales agreement. This move follows a recent post by co-founder Michael Saylor, who shared a Bitcoin chart from the SaylorTracker website on January 5, reflecting the ongoing interest of the company in Bitcoin investments and market conditions. Further developments on this story are expected as more information becomes available.
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