MicroStrategy announced on August 11, 2020, its first bitcoin purchase where it bought 21,454 bitcoins for $250 million or an average of $11,653. Over the past four plus years it has bought a total of 444,262 bitcoins for about $27.7 billion or $62,257 each.

Japan's Metaplanet aims to grow its Bitcoin holdings 5X to 10,000 BTC in 2025 as asset managers say BTC could hit $200k this year.

A big reason MicroStrategy ( MSTR -4.40%) was such a hot stock in 2024 is its bullish position on Bitcoin. The company is such a big believer in crypto that it's planning to raise $42 billion in capital during the next three years for the purpose of adding to its tally.

MicroStrategy's share price has faced a prolonged plunge, falling 45% from its November peak as the firm's Bitcoin buys get smaller.

MicroStrategy bought about $209 million of bitcoin in the past week, making it eight weeks in a row that the company has acquired more of the digital currency.

MicroStrategy, the largest corporate Bitcoin holder, has announced plans to raise another $2 billion through a perpetual preferred stock offering.

"These types of things never go on forever and often end poorly," Steve Sosnick said of MicroStrategy's leveraged bitcoin bet.

MicroStrategy's Bitcoin purchases 2,138 BTC, worth $209 million, reflecting a continued investment strategy in the growing market.