MicroStrategy, the publicly traded company with the largest Bitcoin holdings, announced the acquisition of 1,070 Bitcoin made during the final two days of 2024.

The company disclosed the purchase on January 6th, reporting that it spent approximately $101 million in cash on December 30th and 31st, 2024. 

According to a filing with the U.S. Securities and Exchange Commission (SEC), the average purchase price was $94,004 per Bitcoin.

The latest acquisition brings MicroStrategy's total Bitcoin holdings to 447,470 Bitcoin. 

The company stated that the cumulative cost of its Bitcoin purchases is approximately $27.97 billion, with an average acquisition price of $62,503 per Bitcoin. These holdings represent about 2.1% of Bitcoin’s total supply cap.

MicroStrategy confirmed that no further Bitcoin purchases have been made since December 31st, as documented in its most recent SEC Form 8-K filing. 

The acquisition was financed through proceeds from the issuance and sale of shares under a convertible notes sales agreement, consistent with the company’s prior Bitcoin purchase strategy.

On January 5th, MicroStrategy co-founder Michael Saylor shared a Bitcoin price chart from the SaylorTracker website, which some interpreted as an indication of an upcoming announcement. 

However, the company provided no commentary linking the post to its Bitcoin acquisition.

This latest purchase underscores MicroStrategy’s ongoing strategy of incorporating Bitcoin into its corporate treasury while continuing to report such transactions in compliance with regulatory requirements.

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