MicroStrategy, the world’s largest corporate holder of Bitcoin, has continued its accumulation boom, investing $209 million to acquire an additional 2,138 BTC.
According to the announcement, this Bitcoin was purchased at an average price of $97,837. Additionally, the company’s total holdings amount to 446,400 BTC, transacted between December 23 and December 29, 2024, valued at approximately $41.8 billion based on current market prices.
MicroStrategy sold 592,987 shares of its stock to finance this acquisition, generating net proceeds of approximately $209 million. As of Dec. 30, the company had about $6.8 billion worth of shares for sale in its planned $21 billion stock offering.
Michael Saylor, the company’s co-founder, stated that the company will reconsider its capital allocation plan once the Bitcoin investment target of $42 billion is reached.
Afterward,…
