MicroStrategy Joins Nasdaq 100, Expands Bitcoin Holdings by 5,262 BTC

MicroStrategy Increases Bitcoin Holdings to 444,262 BTC with Latest $561 Million Acquisition

MicroStrategy (MSTR), the software company known for its aggressive Bitcoin (BTC) acquisition strategy, has expanded its holdings for the seventh consecutive week. The company purchased 5,262 BTC for a total of $561 million during the week ending December 22, bringing its total Bitcoin reserves to 444,262 BTC.

Bitcoin Acquisition at an Average Price of $106,622

MicroStrategy’s latest purchase was made at an average price of $106,622 per Bitcoin, as revealed by Executive Chairman Michael Saylor in a post on social media platform X. At current market prices, this acquisition raises the value of MicroStrategy’s total Bitcoin holdings to $42.2 billion. The purchase also increases the company’s average cost per Bitcoin to $62,257.

Funding Through ATM Program

The company financed this latest acquisition through sales under its at-the-market (ATM) program, which allows it to sell shares directly into the open market. With $7.08 billion remaining in the ATM program, MicroStrategy continues to fund its Bitcoin purchases through these equity offerings, enabling the company to capitalize on favorable market conditions.

MicroStrategy Joins Nasdaq 100 Index

The announcement comes on the same day that MicroStrategy officially joined the Nasdaq 100 equity index. Despite the news, the company’s stock price has remained largely unchanged in pre-market trading, hovering just above $364.2 per share.

This strategic focus on Bitcoin underscores belief in the long-term value of the cryptocurrency and highlights its position as a leading corporate Bitcoin holder. The company’s continued accumulation of Bitcoin serves as a clear signal of confidence in the digital asset’s potential for future growth.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.