👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
MicroStrategy stops buying bitcoin
MicroStrategy, a software company based in Tysons Corner, Virginia, ceased its weekly bitcoin purchases last week following a 12-week buying streak that began in late October.
During this time, the company acquired over US$20 billion worth of bitcoin, increasing its total holdings to approximately US$44.7 billion, which represents more than 2% of the total bitcoin supply.
The company, led by Michael Saylor, has used various capital-raising methods, including stock sales and convertible debt.
Recent MicroStrategy developments
| Timeline |
|---|
22-Jan-2025 💰 MicroStrategy acquires $1.1b in bitcoin
|
14-Jan-2025 💰 MicroStrategy buys $243m in bitcoin
|
06-Jan-2025 💰 MicroStrategy buys 1,070 bitcoins for $101m
|
24-Dec-2024 💰 MicroStrategy buys 5,262 more bitcoins for $561m
|
17-Dec-2024 📈 MicroStrategy buys 15,350 bitcoins in $1.5b purchase
|
| 10-Dec-2024 📈 MicroStrategy acquires 21,550 bitcoins for $2.1b |
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.