MicroStrategy has solidified its position as a dominant Bitcoin holder, announcing another significant acquisition of over 2,000 BTC on December 30.
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This purchase, which could mark the company’s final move in 2024, underscores its unwavering commitment to Bitcoin despite ongoing market volatility. Continuing its consistent buying streak, MicroStrategy spent $209 million on this latest acquisition, bringing its total holdings to an impressive 446,400 BTC, as detailed in a recent SEC filing. The company’s aggressive approach has seen it make eight consecutive weekly purchases, with its strategy firmly rooted in dollar-cost averaging—a method its leadership has openly advocated.
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While Bitcoin’s recent pullbacks have raised concerns among some investors, MicroStrategy appears undeterred. Its focus remains on expanding its reserves, with discussions reportedly underway about issuing more equity to fund additional purchases. This approach highlights the firm’s “all-in” stance on Bitcoin, leveraging tools like debt and equity sales to fuel its acquisitions.
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