MicroStrategy has announced the acquisition of 1,070 Bitcoin (BTC) for approximately $101 million, averaging $94,004 per BTC. This brings the company's total holdings to 447,470 BTC, purchased at an aggregate cost of around $27.97 billion, averaging $62,503 per BTC.

The acquisition comes as Bitcoin (BTCUSD) surpasses the $100,000 mark on intraday charts, signaling potential optimism among buyers.

MicroStrategy Continues Bitcoin Acquisition Streak

On December 29, MicroStrategy acquired an additional 2,138 BTC for $209 million, increasing its total to 446,400 BTC. This purchase marks the eighth consecutive week of acquisitions, funded through the company's at-the-market program. MicroStrategy retains $6.88 billion under this program.

MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M

— Michael Saylor⚡️ (@saylor) January 6, 2025

Previously, the company purchased 5,262 BTC for $561 million, at an average price of $106,662 per BTC, raising its holdings to 444,262 BTC with an average acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term cost of $62,257 per BTC, as reported by Finance Magnates.

MicroStrategy joined the Nasdaq 100 index on December 23, 2024, aligning it with top firms and offering indirect Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exposure through the Invesco QQQ Trust ETF. This move underscores the company's substantial role in the cryptocurrency market.

Bitcoin Climbs Back to 100K After Support at 91K

BTCUSD, after breaching the 100K mark earlier, underwent a prolonged bearish correction. Upon finding support around 91K, the cryptocurrency has started moving upwards.

Bitcoin's return above $100K appears to be driven by spot demand rather than leverage, as open interest and funding rates remained muted. @sndr_krisztian reportshttps://t.co/yLU27HDLb7

— CoinDesk (@CoinDesk) January 6, 2025

The H1 chart shows an uptrend, with the price bouncing multiple times at the trend line, continuing its bullish path. The price broke above the 100K level, making a bullish breakout on the intraday charts. This could be significant as it's the first time the cryptocurrency has surged back towards 100K after the holiday period.