MicroStrategy buys 5.5K more Bitcoin

With the price of Bitcoin, the cryptocurrency giant, approaching $100,000, MicroStrategy, a corporate software company known for its "bitcoin big hand," continues to sell Bitcoin.

The company's co-founder, Michael Saylor, said MicroStrategy purchased 55,500 more Bitcoin from the 18th to the 24th.

This brings MicroStrategy's holdings to 386,700, representing about 2% of the 19.8 million Bitcoin in circulation today.

Since 2020, it has bought bitcoin as a means of diversifying inflation risk based on company operating funds, but has since been actively buying bitcoin with the money it issued in stocks or convertible bonds.

MicroStrategy continues to buy Bitcoin amid predictions that the easing of virtual currency regulations could push the price of Bitcoin to $500,000 under Trump's second term.