MicroStrategy Expands Bitcoin Holdings with Additional Purchase of 5,262 BTC
Crypto/Finance

MicroStrategy Expands Bitcoin Holdings with Additional Purchase of 5,262 BTC

MicroStrategy has added to its bitcoin inventory, bringing its total to 444,262 BTC after purchasing 5,262 more.

Key Highlights:

  • MicroStrategy has continued its bitcoin acquisition streak, purchasing an additional 5,262 BTC for the seventh consecutive week.
  • The average acquisition price was $106,662 per bitcoin, raising their total holdings to 444,262 BTC.
  • This purchase coincides with MicroStrategy's entry into the Nasdaq 100 index, marking a significant milestone for the company.

MicroStrategy (MSTR), a leading software firm known for its substantial bitcoin acquisitions, has increased its holdings yet again, adding 5,262 BTC, which translates to a total investment of $561 million.

This strategic acquisition pushes MicroStrategy's total bitcoin assets to 444,262 BTC, valued at approximately $42.2 billion at current market prices, and increases the average cost basis to $62,257 per bitcoin.

Funding for this purchase came from share sales conducted under MicroStrategy's at-the-market (ATM) program, which still has about $7.08 billion in available resources.

The announcement coincides with the company's initiation of trading on the Nasdaq 100 equity index, with stock prices remaining stable at over $364.2 in pre-market trading.

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