MicroStrategy, the business intelligence firm known for its aggressive Bitcoin investment strategy, acquired an additional 1,070 Bitcoin last week for approximately $101 million.

The company revealed the purchase in SEC filing on January 6, noting the average holding price was $94,004 per BTC (Bitcoin).

This latest acquisition brings MicroStrategy's total Bitcoin holdings to 447,470 BTC, purchased at a total cost of $27.97 billion, including fees and expenses. The company's average price per bitcoin is now $62,503.

At current market rates, MicroStrategy's Bitcoin holdings are worth more than $44 billion, representing about 2.1% of Bitcoin's fixed supply of 21 million coins.

MicroStrategy stock hit an all-time high in November, but is currently trading at $352.03 per share in pre-market trading on January 6.

The acquisition coincided with the sale of 319,586 Accurate strategy Shares, achieving $101 million during the same period. This forms part of the company's ongoing $21 billion fixed income capital raising program, which aims to fund further Bitcoin acquisitions. Last week, MicroStrategy expanded the initiative with a proposed $2 billion preferred stock offering.

"Burn the keys"

Michael Saylor, Co-Founder and CEO of MicroStrategy, And he defended Bitcoin is a cornerstone of the company's strategy and has gained popularity as the corporate face of Bitcoin.

Saylor views Bitcoin not only as a way to accumulate wealth but also as a contribution to a larger humanitarian movement.

“If you accumulate a lot of wealth in bitcoin and just burn the keys when you leave, you are making a proportional contribution to everyone who owns bitcoin in the world,” Saylor. He said In a recent interview with Fox.

While some critics Saylor wondered And MicroStrategy's approach, especially regarding the premium-to-NAV valuation and the equity- and debt-funded Bitcoin strategy, a significant portion of the cryptocurrency market continues to support the company with investor confidence.