MicroStrategy Announces Bitcoin Purchase as BTC Price Plunges

According to a recent filing, the Virginia-based data analytics company, MicroStrategy, has bought approximately $243 million in Bitcoin.

This time, the average purchase price was $95,972 per Bitcoin. 

This is the tenth consecutive weekly Bitcoin announcement made by the company. 

According to U.Today’s report, it was disclosed that a major Bitcoin investor had bought approximately $101 million worth of Bitcoin on January 5th.

The company has recently surpassed the significant milestone of owning over 450,000 Bitcoins with their latest acquisition.

Just moments ago, we received the latest news update, following a drop in the value of the primary cryptocurrency to a day’s lowest point of approximately $90,198.

The MicroStrategy (MSTR) stock is also down more than 4% in pre-market trading. 

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2025-01-13 16:33