MicroStrategy Bitcoin Purchases | The Firm Adds Another $37M

MicroStrategy, led by pro-Bitcoin advocate Michael Saylor, continues to make headlines with its significant bitcoin purchases. January 2024 witnessed the acquisition of 850 BTC by the company, amounting to an investment of $37.2 million.

Although the average price for the recent MicroStrategy bitcoin purchase stood at $43,700, a bit higher than the current market value, it aligns with January’s average BTC price.

MicroStrategy: Gobbling BTC

The recent purchase, revealed by Saylor on X, follows MicroStrategy’s substantial acquisition in the last quarter of 2023. During the period, the company procured a staggering 31,755 BTC, investing a colossal $1.25 billion at an average price of…

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