Microstrategy increases its stock of Bitcoin by $ 101 million, now at 447,470 BTC

Microstrategy increases its stock of Bitcoin by $ 101 million, now at 447,470 BTC

  • Microstrategy buys another $ 101 million on Bitcoin.
  • The company's existence now amounts to 447,470 btc.
  • Kulr also announced that it bought Bitcoin worth $ 21 million to increase its stocks.

Microstrategy has expanded its Bitcoin (BTC) collection by another large purchase of 1,070 BTC worth around $ 101 million.

The company disclosed The latest Bitcoin purchase took place on Monday, January 6th, and found that the acquisition was made at an average price of $ 94,004 per bitcoin. The purchase took place between December 30, 2024 and January 5, 2025, the business intelligence company said.

Microstrategy completed the sale after the sale of 319,586 stocks was completed. This purchase has shares worth $ 6.77 billion-part of the desired shares and fixed-income securities worth $ 21 billion-which are to be used for further Bitcoin purchases.

The Bitcoin strategy of Microstrategy

The Bitcoin price has increased last week, against the background of the optimistic mood before Donald Trump. So far, Microstrategy has acquired an incredible 447,470 BTC, the purchase value of which is about $ 27.97 billion. According to current prices, the entire BTC bag of the company is worth over $ 44 billion.

The world's largest company owner of Bitcoin has inspired several other listed companies to introduce BTC trasury strategies. This includes companies listed in the USA, Hong Kong and Canada.

In particular, Microstrategy bought his bitcoins at average price of $ 62,503 per btc.

one of them, the Kulr Technology Group, an energy management platform, also has announced on January 6th that further BTC worth the value of US dollar bought so that the total amount increases to $ 42 million.

Kulr, which started in early December 2024 with its Bitcoin treasury strategy, acquired the latest BTC priced train at average price of $ 98,393.58 per bitcoin.

Bitcoin was traded at around $ 99,194 at the time of the writing of this article, an increase of 1.5 % in the last 24 hours and an increase of almost 6 % last week.


Source: Coinlist.me

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