MicroStrategy, a company that develops bitcoin, has spent more than$ 1 billion on the biggest cryptocurrency ahead of its plunge on Monday.

The firm’s Bitcoin preacher, co-founder and Executive Chairman Michael Saylor, said Monday that the company had spent around$ 1.1 billion buying 10, 107 Bitcoin at the average price of$ 105, 596 per coin over the past week.

Bitcoin is now trading for about$ 100, 700 after dropping as low as$ 98, 380 Monday morning New York time, according to CoinGecko.

MicroStrategy now holds 471, 107 Bitcoin—currently valued at more than$ 47 billion. The company has spent a total of$ 30.4 billion on the cryptocurrency, Saylor said on X ( formerly Twitter ), at the average price of$ 64, 511 per Bitcoin.

Once a sleepy technology firm, MicroStrategy is now the talk of the town: the firm’s business cap has rocketed, making shareholders big benefits since the organization adopted a Crypto plan.

Through its stock, which industry on the Nasdaq, it works to give buyers what it calls protected and monitored exposure to Bitcoin.

The company made its initial purchase of Bitcoin in 2020, and it hasn’t stopped since—even though it has increased its order over the past 12 weeks, announcing new purchases every month during that time.

Saylor urges other businesses to do the same and that Bitcoin is the best long-term investment strategy and means of preserving success.

The organization in December joined the Nasdaq-100, an indicator of the top 100 non-financial businesses on the Nasdaq stock market, securing its area with some of the world’s most valuable companies—like Apple and Microsoft.

MicroStrategy stock ( NASDAQ: MSTR ) is currently priced at about$ 340 a share, down 14 % over the last week and about 4 % so far Monday amid a broader stock market drop apparently fueled by the emergence of Chinese AI model, DeepSeek.

Daily Debrief Newsletter

Start every day with the best news stories right now, plus unique characteristics, a audio, video and more.

Share This Story, Choose Your Platform!