MicroStrategy Expands Bitcoin Holdings Again with 2,138 Additional BTC
Crypto/Markets

MicroStrategy Expands Bitcoin Holdings Again with 2,138 Additional BTC

MicroStrategy's latest purchase brings its total Bitcoin assets to 446,400 BTC, continuing its buying streak.

MicroStrategy, the company known for its bullish stance on Bitcoin (BTC), has once again increased its cryptocurrency holdings, adding 2,138 BTC this week for a total expenditure of $209 million. This marks the eighth consecutive week of purchases, elevating its total Bitcoin holdings to 446,400 BTC.

The recent acquisition was facilitated through share sales from the company's ATM program, still leaving $6.88 billion available under this initiative.

Michael Saylor, Executive Chairman, hinted at the new purchases through a post on X, noting that the average purchase price for this round was $97,837, subsequently raising the overall average acquisition cost to $62,428.

As a recent addition to the Nasdaq 100, MicroStrategy's stock is currently trading around $320 per share, approximately 40% below its peak achieved on November 21, reflecting a 3% dip during pre-market trading.

Key Points:

  • MicroStrategy has expanded its Bitcoin holdings for the eighth consecutive week.
  • The purchase was financed through share sales under the ATM program.

For more information on market trends, visit CoinDesk

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