Software company MicroStrategy is moving forward with its project Bitcoin A buying spree in 2025, where today it has acquired more than $100 million worth of the orange coin.

A filing from the Securities and Exchange Commission and an announcement Monday from company co-founder and bitcoin bull Michael Saylor Show MicroStrategy spent $101 million purchasing 1,070 bitcoins at an average price of $94,004. This is almost half the amount of Bitcoin She bought the company last weekconsistent with the weekly buying trend that MicroStrategy began in November after Donald Trump's re-election.

MicroStrategy now owns a total of 447,470 BTC. per day Bitcoin price With a value of $101,832, equivalent to more than $45.5 billion. The announcement stated that the company purchased its coins at an average price of $62,503.

Last week prediction markets were optimistic that MicroStrategy would buy more Bitcoin today- This is understandable, given that today's purchase leads to nine consecutive weekly purchases for Saylor.

on Countless- A score-based market forecasting and engagement platform developed by Dastan, the parent company of an editorially independent newspaper Decryption- Users saw an 86% chance that MicroStrategy would hold at least 450,000 BTC before the end of this week. However, those odds have now dropped to just 20% as of this writing after the company announced a much smaller purchase compared to previous weeks.

On the Monday after Trump's victory, MicroStrategy announced that it had purchased more than... $2 billion worth of Bitcoin. It then followed up the next week with another $4.6 billion, and then again with the largest single purchase to date at $5.4 billion the following week.

The company has continued to buy more bitcoin each week since then, but individual amounts have gradually decreased in recent weeks as the price of bitcoin has inflated. Users on Polymarket, a prediction market he co-founded Shane Coplan In 2020, see currently Only 2% chance MicroStrategy owns more than 500,000 BTC by Trump's inauguration on January 20.

MicroStrategy was previously a software company that sold data analysis solutions to businesses. It still does, but Saylor has since renamed the company as a Bitcoin development company, pioneering its own Bitcoin treasury.

It all started in 2020, when coronavirus-related lockdowns and record low interest rates threatened to hurt the company's shareholders, according to Saylor. he I decided to buy Bitcoin has since argued that the asset - being scarce - is the best way to preserve wealth.

Now, MicroStrategy makes most of its money by securitizing the largest cryptocurrency by market capitalization: Investors wanting exposure to bitcoin can buy shares of the company that trade on the Nasdaq — a safer, more regulated way to invest in cryptocurrencies.

It is now the largest publicly traded holder of the cryptocurrency, and is issuing debt to buy Bitcoin, killing investors in the process: MicroStrategy stock is up more than 500% year to date.

But the fears were He grew up On how feasible this is if the price of Bitcoin falls: The company has high leverage and Some analystsWe now think the stock may be overvalued.

Modified by Stacey Elliott.