In simple terms, MicroStrategy, a significant Bitcoin investor, revealed they bought 1,070 more Bitcoins at the end of December 2024.
On January 6th, the company disclosed that they made a purchase, mentioning they used around $101 million in cash during the time span from December 30th to December 31st, 2024.
The purchase was carried out at approximately $94,004 for each Bitcoin, as indicated in a document submitted to the U.S. Securities and Exchange Commission.
According to its recent Form 8-K filing, MicroStrategy has stopped buying more Bitcoins after December 31.
In a manner similar to past MicroStrategy’s Bitcoin purchases, the most recent acquisition was funded through the earnings derived from share issuance and subsequent sales, as stipulated in a convertible notes sales contract.
The transaction occurred not long after MicroStrategy’s co-founder, Michael Saylor, subtly suggested an impending Bitcoin buy by sharing a Bitcoin graph from his personal tracking site (SaylorTracker) on January 5th.
This is a developing story, and further information will be added as it becomes available.
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2025-01-06 16:36