Key Highlights:

• MicroStrategy has acquired an additional 21,550 bitcoin for $2.1 billion, at an average price of $98,783 each, according to a regulatory filing released on Monday.
• The purchases were financed through the sale of $2.13 billion worth of shares.
• The total holdings of MicroStrategy now stand at 423,650 BTC—over 2% of all the Bitcoin that will ever exist.

Overview:

MicroStrategy (MSTR) has further expanded its substantial Bitcoin holdings by purchasing 21,550 tokens last week. The acquisitions, which occurred through December 8, have been funded by the company selling around $2.13 billion worth of shares. Post this transaction, MicroStrategy retains approximately $9.19 billion from its prior $21 billion in at-the-market (ATM) share sales.

This recent purchasing activity has amplified MicroStrategy's total Bitcoin reserves to 423,650, equating to nearly $42 billion at the current market value. The firm's holdings, under the leadership of Executive Chairman Michael Saylor, represent more than 2% of the total Bitcoin supply, capped at 21 million.

Additionally, this surge in purchases seems to correlate with Bitcoin's price surge above $100,000 last week, attributed to heightened demand from U.S. investors. Other notable developments saw U.S. spot Bitcoin ETFs witnessing inflows totaling $2.73 billion last week, as compiled by Farside Investors.

In the realm of corporate Bitcoin engagement, Riot Platforms has also announced plans for a $500 million convertible note offering primarily intended for Bitcoin purchases.