MicroStrategy Expands Bitcoin Holdings by 5,262 BTC, Total Reaches 444,262 as Company Joins Nasdaq 100
MicroStrategy (MSTR), the enterprise software company that has made Bitcoin (BTC) a central part of its business strategy, has continued its acquisition trend, securing 5,262 BTC in its seventh consecutive week of purchases.
For the week ending December 22, the company acquired the Bitcoin at an average price of $106,622 per BTC, totaling $561 million. This brings MicroStrategy’s total Bitcoin holdings to 444,262 BTC, now valued at $42.2 billion at current market rates. The average purchase price per Bitcoin is now $62,257.
These acquisitions were financed through MicroStrategy’s at-the-market (ATM) share offering program, with $7.08 billion still available for future Bitcoin purchases.
The news of the Bitcoin purchase coincides with MicroStrategy’s inclusion in the Nasdaq 100 index, a significant achievement that boosts its visibility in the financial world.
Despite the announcement, MicroStrategy’s stock remained steady in pre-market trading, priced at approximately $364.2.
With this latest move, MicroStrategy maintains its position as the largest publicly traded Bitcoin holder, reinforcing its belief in Bitcoin’s long-term value as a core asset.
