MicroStrategy, a leading business intelligence firm, has notably expanded its bitcoin portfolio, acquiring an additional 1,070 BTC at an average price of $94,004 per coin. This recent investment, disclosed through an SEC filing, reflects the company’s unwavering commitment to bitcoin, further consolidating its substantial holdings. Following this acquisition, MicroStrategy’s total bitcoin count stands impressively at 447,470 BTC, valued at over $44 billion.

Amidst this substantial bitcoin buy, the company also sold 319,586 of its shares, generating approximately $101 million. This move is part of a broader strategy under its 21/21 plan, which aims to raise a staggering $42 billion through equity offerings and fixed-income securities. This fund is earmarked for further bitcoin acquisitions, illustrating MicroStrategy’s aggressive investment approach in the cryptocurrency space.

Celebrating the landmark achievement of bitcoin reaching $100,000, MicroStrategy’s co-founder Michael Saylor hosted a New Year’s Eve party at his Miami residence. The firm now controls about 2.1% of the total bitcoin supply, with investments totaling approximately $27.97 billion, fees included. This strategic accumulation highlights MicroStrategy’s confidence in bitcoin as a pivotal asset in its investment portfolio, potentially influencing broader market sentiments towards cryptocurrency investments.