MicroStrategy Adds 1,070 BTC to Holdings with $101M Purchase

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The story "MicroStrategy Adds 1,070 BTC to Holdings with $101M Purchase" was covered 1 days ago by BitcoinWorld, a news publisher based in India.

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BitcoinWorld 1d ago

MicroStrategy Adds 1,070 BTC to Holdings with $101M Purchase - BitcoinWorld

Quick Summary:

MicroStrategy, the Bitcoin investment firm led by co-founder Michael Saylor, has made another significant addition to its Bitcoin holdings.On Jan.6, 2025, Saylor announced on X that the company purchased an additional 1,070 BTC for approximately $101 million, with an average acquisition price of $94,004 per Bitcoin.

While the purchase reflects institutional confidence, its immediate impact on Bitcoin’s price appears muted as the crypto market grapples with broader macroeconomic factors.

The announcement has sparked discussions in the crypto community, with some viewing it as a bullish signal for Bitcoin, while others express concerns over centralized ownership by corporations like MicroStrategy.