MicroStrategy has announced another Bitcoin purchase, making it the company’s ninth BTC acquisition in as many weeks. The software company now holds 447,470 BTC, which it acquired for $27.97 billion.

MicroStrategy Acquires 1,070 BTC For $101 Million

In a press release, MicroStrategy announced that it had acquired 1,070 BTC for $101 million at an average price of $94,004 per bitcoin. The company also revealed that it achieved a BTC yield of 48.0% in the fourth quarter of 2024 and 74.3% in the 2024 financial year.

Following its recent Bitcoin purchase, MicroStrategy now holds 447,470 BTC, which it acquired for $27.97 billion at an average price of $62,503 per Bitcoin. This marks the company’s ninth purchase in as many weeks. Last week, the company announced a Bitcoin purchase of 2,138 BTC for $209 million.

The software company already holds the crown as the public company with the largest Bitcoin holdings and doesn’t look to be slowing down anytime soon. It recently announced plans to raise up to $2 billion to buy more Bitcoin.

The post Breaking: MicroStrategy Acquires 1,070 BTC For $101M appeared first on CoinGape.

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