Money

MicroStrategy continues bitcoin buying streak, acquiring over 5,000 bitcoins in recent purchase


MicroStrategy, the business intelligence firm known for its aggressive Bitcoin acquisition strategy, has made another significant purchase, adding over 5,200 bitcoins to its holdings.

The company spent approximately $561 million on the latest batch of digital assets, making this its seventh consecutive week of Bitcoin buys.

The company acquired 5,262 bitcoins between December 16 and December 22, 2024, at an average price of around $106,662 per coin. This latest move brings MicroStrategy’s total Bitcoin holdings to an impressive 444,262 BTC, valued at roughly $43 billion at current market prices.

The purchase was funded by a stock sale. MicroStrategy sold 1.3 million shares of its stock, raising the capital required for this Bitcoin acquisition. Despite this, the firm’s stock has seen a decline, dropping 5.5% to $344.15 per share as of December 23, 2024. Nonetheless, the stock has surged over 400% in value this year, largely driven by its investments in Bitcoin.

MicroStrategy’s commitment to Bitcoin has continued to grow, with the company now holding a significant share of the total Bitcoin market. Its strategy of using Bitcoin as a reserve asset has made it a major player in the cryptocurrency space, earning the firm substantial attention from investors and the broader market.

In recognition of its increasing influence, MicroStrategy has been included in the prestigious Nasdaq 100 Index, effective December 23, 2024. This inclusion reflects the company’s growing market capitalization, driven by its innovative use of Bitcoin to enhance its balance sheet.

MicroStrategy’s Bitcoin buying spree appears to show no signs of slowing down. With Bitcoin prices climbing and investor sentiment remaining positive, many are closely watching the company’s next steps as it continues to make waves in both the business and cryptocurrency worlds.

As MicroStrategy deepens its stake in Bitcoin, it further solidifies its position as one of the most high-profile corporate holders of the cryptocurrency.

The company’s stock and Bitcoin strategy continue to intertwine, making it a key asset for those looking to gain exposure to both traditional markets and the growing digital asset space.

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