- MicroStrategy added 2,138 BTC worth $209 million to its holdings between December 23-29, 2023.
- The company’s total Bitcoin holdings now stand at 446,400 BTC, valued at approximately $41.5 billion.
- The average purchase price for the recent acquisition was $97,837 per BTC.
- The purchase was funded through the sale of 592,987 company shares.
- This marks the eighth consecutive week of Bitcoin purchases by MicroStrategy.
Strategic Bitcoin Accumulation
MicroStrategy (NASDAQ: MSTR) continues its Bitcoin acquisition strategy with a fresh purchase of 2,138 BTC, expanding its position as the largest corporate holder of the cryptocurrency. The business intelligence firm executed the transaction between December 23 and December 29, 2023, investing $209 million at an average price of $97,837 per Bitcoin.
The company’s Bitcoin treasury now contains 446,400 BTC, representing approximately 2.12% of Bitcoin’s total supply. At current market prices, MicroStrategy’s holdings are valued at $41.5 billion, making it the largest institutional Bitcoin holder globally.
Financing Strategy
To fund the recent acquisition, MicroStrategy sold 592,987 shares of its common stock. This approach aligns with the company’s established pattern of converting traditional financial assets into Bitcoin, demonstrating its long-term commitment to cryptocurrency as a treasury reserve asset.
The purchase metrics include:
- Total investment: $209 million
- Average purchase price: $97,837 per BTC
- Acquisition period: 7 days
- Total shares sold for funding: 592,987
MicroStrategy’s consistent Bitcoin acquisition strategy, maintained over eight consecutive weeks, reflects the company’s position on Bitcoin as a store of value and hedge against traditional financial market volatility.
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