MicroStrategy, the bitcoin-focused software company, has once again increased its cryptocurrency holdings, purchasing an additional 2,138 BTC for $209 million during the week ending December 29. With this acquisition, MicroStrategy’s total bitcoin holdings now stand at 446,400 BTC, reinforcing its position as the largest corporate holder of bitcoin.
Executive Chairman Michael Saylor teased the purchase on Sunday with a post on X. The average price of the new bitcoin acquisition was $97,837, bringing the company’s overall average purchase price to $62,428 per bitcoin.
The purchase was financed through MicroStrategy’s at-the-market (ATM) share sale program, which still has $6.88 billion remaining for future bitcoin purchases.
In addition to its ongoing bitcoin acquisition strategy, MicroStrategy joined the Nasdaq 100 index last week, holding the 57th spot with a 0.38% index weighting.
Despite these developments, MicroStrategy’s stock has fallen 40% from its peak of $533 per share on November 21. The company’s shares are currently down 3% in pre-market trading, bringing the price to approximately $320 per share.
