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MicroStrategy's Bitcoin Bonanza: A Bold Move in the Crypto Game

MicroStrategy was back in the news again yesterday as it accepted more Bitcoins in its purchase. On January 13, 2025, the company bought 2,530 Bitcoins for about $243 million. This is its tenth consecutive week of buying Bitcoin. The company's total holdings have reached nearly 450,000 BTC, valued at approximately $41 billion at current market prices.

On the other hand, regarding the newly acquired purchase, MicroStrategy bought its Bitcoins at an average of $95,972 per BTC from January 6th - January 12th, 2025. Its cash for that had been in cash flows made as an effect of some of its past sales shares; it filed those facts in the U.S. Securities and Exchange Commission.

In this light, MicroStrategy has emerged as one of the biggest players in the Bitcoin market, holding more than 2% of all Bitcoin that will ever exist. This is aligned with co-founder Michael Saylor's long-term vision of making Bitcoin a core asset for the company.

Despite the market fluctuations that have been occurring in the world of cryptocurrencies, Bitcoin suffered a severe hit and dipped below $91,000 during the writing of this article, yet MicroStrategy continues aggressive buying. That follows a press release stating that it had a plan to raise as much as a total of US$ 42 billion via equity and debt offering with an ultimate aim to double its current portfolio of BTC holdings.

Specifically, MicroStrategy still remains focused on Bitcoin and wants to continue with the acquisition process as part of its general strategy. The firm has been phenomenal in fundraising efforts and is now hopeful that it being one of the largest corporate holder of Bitcoin encourages more businesses to take this new currency.

 

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