MicroStrategy, the bitcoin-focused development firm, has added to its cryptocurrency holdings for the eighth week in a row, purchasing an additional 2,138 BTC for $209 million during the week ending December 29. This brings the company’s total bitcoin holdings to 446,400 BTC, making it the largest corporate holder of the digital asset.
Executive Chairman Michael Saylor shared a hint about the purchase on Sunday via a post on X. The average price of this latest bitcoin buy was $97,837, increasing the company’s overall average purchase price to $62,428 per bitcoin.
The acquisition was funded through share sales under MicroStrategy’s at-the-market (ATM) program, which still has $6.88 billion available for future purchases.
Last week, MicroStrategy also became a part of the Nasdaq 100, ranking 57th in the index with a 0.38% weighting.
Despite these achievements, MicroStrategy’s stock is down 40% from its all-time high of $533 in November, and has dropped 3% in pre-market trading, bringing its share price to around $320.
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