- MicroStrategy acquired 2,138 BTC for $209 million, extending its buying streak to eight weeks.
- The company’s total Bitcoin holdings reached 446,400 BTC at an average purchase price of $62,428.
- Purchase funding came through the company’s at-the-market (ATM) program with $6.88 billion remaining.
- MicroStrategy secured a position in the Nasdaq 100 with a 0.38% index weighting.
- Share price trades 40% below November peak, currently near $320 in pre-market trading.
MicroStrategy (MSTR) continues its aggressive Bitcoin acquisition strategy, purchasing an additional 2,138 BTC for $209 million last week. The business intelligence company, which has transformed into the largest corporate Bitcoin holder, executed the transaction at an average price of $97,837 per Bitcoin.
Strategic Accumulation
Executive Chairman Michael Saylor announced the purchase on X, marking the company’s eighth consecutive week of Bitcoin purchases. The acquisition adjusts MicroStrategy’s average purchase price to $62,428 across its 446,400 BTC holdings.
The company finances these purchases through its at-the-market (ATM) equity program – a mechanism allowing companies to raise capital by selling new shares directly into the market. MicroStrategy maintains $6.88 billion in available funding through this program.
Market Performance and Recognition
MicroStrategy’s corporate strategy has earned it recognition in major indices. The company recently joined the Nasdaq 100, securing the 57th position with a 0.38% index weighting. This inclusion places MicroStrategy among the largest non-financial companies listed on the Nasdaq exchange.
Despite the continuous Bitcoin accumulation, MicroStrategy’s stock performance shows volatility. The share price currently trades at approximately $320 in pre-market activity, representing a 40% decline from its November 21 peak. This movement reflects both the broader market conditions and investor sentiment toward Bitcoin-focused investment vehicles.
Disclosure: The analyst responsible for this report holds shares in MicroStrategy (MSTR).
✅ Follow BITNEWSBOT on Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- DEX Trading Volumes Hit All-Time High of $462 Billion as Uniswap Leads Market Share
- Bybit Forced to Exit Malaysia After Regulatory Crackdown on Unlicensed Trading
- XRP Leads Crypto Decline as Strong Dollar Dampens Year-End Trading
- Bitcoin Fear Index Hits October Low as Price Tumbles 14% From Peak
- Solana Co-Founder Sued by Ex-Wife Over Hidden Crypto Staking Profits
