According to a recent filing with regulators, the Virginia-headquartered data analytics company MicroStrategy has purchased an extra 1,070 Bitcoins at a cost of approximately $101 million.
This is the ninth consecutive weekly purchase announced by Bitcoin’s leading corporate holder.
MicroStrategy recently acquired an impressive 447,470 Bitcoins, which currently have a staggering market value of approximately $44.3 billion. To put this into perspective, it surpasses the GDP of countries like Nepal, El Salvador, and Cyprus.
The company’s shares are currently up nearly 4% in pre-market trading.
This comes after Benchmark recently increased its MSTR price target to $650.
At the moment, a single Bitcoin is being bought and sold for approximately $98,894, just shy of reaching the highly desired $100,000 mark that it almost touched earlier today.
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2025-01-06 16:33