What to know:

  • MicroStrategy bought more bitcoin for a seventh straight week
  • The purchase of 5,262 BTC at an average price of $106,662 each takes the company’s total holding to 444,262 BTC.
  • The purchase was announced on the day MicroStrategy joined the Nasdaq 100 index.

As a seasoned analyst with years of experience under my belt, I must admit that MicroStrategy’s relentless pursuit of Bitcoin is nothing short of intriguing. This company, traditionally known for its software solutions, has now carved out a unique niche for itself as a significant Bitcoin player.

For seven consecutive weeks, the software company MicroStrategy (MSTR), known for prioritizing Bitcoin (BTC) acquisition, continued increasing its BTC holdings.

In the course of the week leading up to December 22, I acquired approximately 5,262 Bitcoins at a cumulative cost of $561 million. This addition brings our overall Bitcoin holdings to an impressive 444,262 BTC, as we announced.

In his recent post on X, Executive Chairman Michael Saylor announced the acquisition of bitcoins at an average price of approximately $106,622 each. This purchase brings MicroStrategy’s total bitcoin holdings to around $42.2 billion at current market prices and increases the average cost per bitcoin to roughly $62,257.

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2024-12-23 16:33