MicroStrategy Purchases 5,262 BTC, Bringing Total Holdings to 444,262 as It Joins Nasdaq 100
MicroStrategy (MSTR), the software company known for its large Bitcoin (BTC) acquisitions, has continued its buying spree with a seventh consecutive week of Bitcoin purchases.
In the week ending December 22, MicroStrategy acquired 5,262 BTC for $561 million, at an average price of $106,622 per Bitcoin. This latest purchase brings MicroStrategy’s total Bitcoin holdings to 444,262 BTC, valued at $42.2 billion based on current market prices. The company’s average cost per Bitcoin now stands at $62,257.
The purchase was funded by MicroStrategy’s at-the-market (ATM) share sale program, which still has approximately $7.08 billion remaining for future acquisitions.
This announcement comes as MicroStrategy’s stock joins the prestigious Nasdaq 100 equity index, a notable milestone that highlights the company’s growing prominence in both the cryptocurrency and traditional financial markets.
Despite the positive news, MicroStrategy’s stock price remained relatively unchanged in pre-market trading, hovering around $364.2.
With this new acquisition, MicroStrategy further solidifies its position as the largest publicly traded Bitcoin holder, reinforcing its strategy of holding Bitcoin as a long-term treasury asset.
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