MicroStrategy, the software firm known for its heavy bitcoin investments, has purchased 5,262 BTC at an average price of $106,662, increasing its total holdings to 444,262 BTC. The latest acquisition, worth $561 million, was funded through share sales and raises the value of MicroStrategy's holdings to $42.2 billion. This marks the seventh consecutive week of bitcoin purchases by the company.
Michael Saylor The purchase of 5,262 BTC at an average price of $106,662 each takes the company's total holding to 444,262 BTC .Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy
MicroStrategy , the software developer that has made acquiring bitcoin a core value, added to its holding for a seventh week in a row. The company bought 5,262 BTC for a total of $561 million in the week ended Dec. 22 to take its total holdings to 444,262 BTC it said. The purchase, at an average price of $106,622 per bitcoin, was teased by Executive Chairman Michael Saylor in a. It brings the value of MicroStrategy's holdings to $42.2 billion at current market prices and raises the average cost to $62,257 per bitcoin.
The latest acquisitions were funded by share sales under the company's at-the-market program . MicroStrategy has $7.08 billion left on theThe announcement comes the same day that MicroStrategy starts trading as a member of the Nasdaq 100 equity index. The share price is little changed in pre-market trading, over $364.2.As the senior analyst at CoinDesk, specializing in Bitcoin and the macro environment. Previously, working as a research analyst at Saidler & Co.
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