The supply of Bitcoin on CEXes has continued to shrink as whale investors led by US spot BTC ETFs continue to aggressively accumulate.

MicroStrategy announced Monday that it had spent another $101 million buying Bitcoin and now owns 447,470 coins.

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.

MicroStrategy added another 1,070 Bitcoin to its holdings, spending around $101 million at an average price of $94,004 per Bitcoin.

MicroStrategy buys 1,070 Bitcoin for $101M, boosting BTC holdings. Yield reaches 74% amid ongoing bitcoin acquisition.

During the past 12 months, MicroStrategy's stock rose 380% as KULR's stock skyrocketed almost 1,800%. Let's see why KULR outperformed MicroStrategy -- and whether it will remain the better investment over the next few years.

Strive Asset Management, co-founded by Trump ally Vivek Ramaswamy, has filed for a bitcoin (BTC-USD) bond ETF focused on convertible securities issued by MicroStrategy (NASDAQ:MSTR) or other companies that will invest all or most of the proceeds to buy the cryptocurrency.

The companies plan to collectively pick up $3 billion worth of bitcoin this year, with MicroStrategy's targeting the purchases in Q1 2025.

MicroStrategy (NASDAQ:MSTR) seeks to buy another $2 billion worth of Bitcoin (CRYPTO:BTC) ahead of a shareholder vote on massively increasing the number of company shares outstanding.  Although details of the new proposal have yet to be finalized,

The latest bitcoin purchase was funded through share sales under the company's at-the-market (ATM) program. MicroStrategy announced it would be raising up to $2 billion via a preferred stock offering to acquire more bitcoin.

The price of Bitcoin has jumped back to the $100,000 mark, a sign that shows the Coinbase Premium Index is back to positive