MicroStrategy Inc., a software company based in Tysons Corner, Virginia, has purchased US$101 million worth of bitcoin on December 30 and 31, 2024.

According to a filing with the United States Securities and Exchange Commission, the company acquired 1,070 bitcoins at an average price of approximately US$94,000 each.

This acquisition aligns with MicroStrategy’s strategy to expand its bitcoin holdings, led by chairman and co-founder Michael Saylor.

The firm currently holds around US$44.3 billion in bitcoin as it positions itself as a significant player in the cryptocurrency market.

In addition, MicroStrategy has announced plans to raise up to US$2 billion through offerings of perpetual preferred stock in the first quarter of 2025.

Recent MicroStrategy developments