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Michael Saylor’s MicroStrategy added another 1,070 Bitcoin to its holdings, spending around $101 million at an average price of a little over $94k per BTC. The purchases by the business intelligence company and the biggest corporate owner of BTC were made between December 30 and 31, was disclosed in an 8-K filing with the Securities and Exchange Commission on Monday. 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 The acquisition followed closely after the sale of additional 319,586 MicroStrategy shares, which occurred at the same time and brought the same amount. The firm reported that around $6.77 billion worth of shares stayed available for sale as of January 5. This is part of the company...

TechCrunch founder Michael Arrington says payments giant Stripe has completed the acquisition of stablecoin startup Bridge. In an X post referencing a report about Stripe’s discussions to acquire Bridge, the tech publication executive says the $1.1 billion purchase of Bridge is a done deal. A Bloomberg report last week indicated that Stripe had been in talks to acquire the stablecoin firm, which offers a product that lets enterprises use stablecoins USDT and USDC to receive and send payments. The report indicated that Bridge had raised $58 million in startup funding from investors that included Sequoia and Haun Ventures, a crypto-focused venture capital firm founded three years ago by former Coinbase board member Katie Haun. Bridge raised $40 million in its most recent Sequoia-led Series A round. Stripe’s acquisition of Bridge comes a little over a week since the payments company announced it would offer global support for settlements by merchants using the USDC...

In what is a testament to the power of the leading crypto, Michael Saylor’s MicroStrategy is nearing $7 billion in profit, driven by its continued Bitcoin investment. Indeed, the firm has embraced a BTC acquisition strategy. Subsequently, the asset’s continued growth has driven the company’s value upward in 2024. Saylor has remained one of the asset’s most outspoken advocates. The firm most recently purchased another $489 million worth of Bitcoin just a week ago. Moreover, that brings the company’s total BTC holdings to a value above $10 billion, with its strategy paying off massively this year. Source: Bloomberg Also Read: Michael Saylor’s MicroStrategy Raises $1B to Buy More Bitcoin MicroStrategy Nears $7 Billion in Profit as Bitcoin Bet Pays Off Big 2024 has proven to be a monumental year for Bitcoin. The token became the first crypto-based ETF in the United States and reached an all-time high of $73,000 just three months into the year. Although it has h...