MicroStrategy Announces Bitcoin Purchase as BTC Price Plunges
01/13/2025 20:04
MicroStrategy's Bitcoin holdings have now topped the 450,000 BTC milestone
MicroStrategy's Bitcoin holdings have now topped the 450,000 BTC milestone
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.
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About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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