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MicroStrategy Announces Bitcoin Purchase as BTC Price Plunges

source-logo  u.today 13 January 2025 10:04, UTC

Virginia-based business intelligence firm MicroStrategy has purchased an additional $243 million worth of Bitcoin, according to a Monday filing.

This time, the average purchase price was $95,972 per Bitcoin.

This is the tenth consecutive weekly Bitcoin announcement made by the company.

As reported by U.Today, the leading corporate Bitcoin holder previously revealed a $101 million Bitcoin purchase on Jan. 5.

With the latest addition, the company's Bitcoin holdings have now eclipsed the 450,000 BTC mark in a major milestone.

The most recent announcement came shortly after the price of the leading cryptocurrency slipped to an intraday low of $90,198.

The MicroStrategy (MSTR) stock is also down more than 4% in pre-market trading.

u.today
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