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Virginia-based business intelligence firm MicroStrategy has bought an additional 1,070 BTC for $101 million, according to a recent regulatory filing.
This is the ninth consecutive weekly purchase announcement made by Bitcoin's leading corporate holder.
MicroStrategy now won a staggering 447,470 BTC. The gargantuan Bitcoin fortune is currently valued at roughly $44.3 billion. This is more than the GDP of such countries as Nepal, El Salvador, and Cyrpus.
As noted by Vetle Lunde of K33 Research, the announced purchase actually took place between Dec. 30 and Dec. 31. This means that this is MiroStrategy's first Bitcoin buying sabbatical in a while. "Not a single bitcoin has been absorbed by MicroStrategy in 2025 thus far," he said.
Last week, the company announced its latest plan to raise $2 billion via a preferred stock offering. This would allow the company to purchase even more Bitcoin in the near future.
Alex DovbnyaThe company's shares are currently up by nearly 11% on Monday, partially recovering from a rough 45% correction.
This comes after Benchmark recently increased its MSTR price target to $650.
MicroStrategy is now ranked as the 99th largest US company with a market capitalization of $93 billion, jumping 16 companies in a single day amid a rally. It was also the most traded equity this Monday (behind only Tesla and Nvidia).
Bitcoin is currently trading at $98,894 after coming close to reclaiming the much-coveted $100,000 level earlier today.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dan Burgin
Vladislav Sopov