MicroStrategy Acquires 21,550 Bitcoins for $2.1 Billion, Total Holdings Reach 423,650 BTC Worth $25.6 Billion, Plans to Raise $42 Billion

Dec 22, 2024, 10:30 AM

MicroStrategy has expanded its Bitcoin holdings significantly, acquiring an additional 21,550 Bitcoins for $2.1 billion. This latest purchase brings the company's total Bitcoin holdings to 423,650 Bitcoins, valued at approximately $25.6 billion. The firm, led by CEO Michael Saylor, has expressed a strong commitment to Bitcoin as a treasury asset, with plans to raise $42 billion for future acquisitions. This month alone, MicroStrategy has purchased a total of 52,300 Bitcoins for $5.1 billion, indicating a bullish outlook on the cryptocurrency market.