MicroStrategy Spends Another $1.1 Billion On Bitcoin Acquisitions 🚀
MicroStrategy, under CEO Michael Saylor, announced a significant Bitcoin purchase of $1.1 billion today, marking the company's third BTC acquisition of the year. This move defies the recent trend of declining acquisitions and comes after MicroStrategy boosted its common stock offerings to fund such buys.
Over December 2024, Saylor made substantial Bitcoin investments, starting with a $2.1 billion purchase. However, the trend of reducing acquisitions seemed to suggest a pause, until this latest aggressive acquisition in January 2025.
With this purchase, the company holds a total of 461,000 BTC, valued at approximately $29.3 billion. Despite recent speculation, Saylor remains optimistic about Bitcoin's future, seeing significant potential for more major purchases.
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