CoinVoice has learned that MicroStrategy has purchased $1.5 billion worth of bitcoin by selling stocks. This is the company's sixth consecutive week of announcing bitcoin purchases. It currently holds bitcoins worth approximately $45 billion.
Last Friday, MicroStrategy announced that it will be included in the Nasdaq 100 Index on December 23. The decision to include the company in the Nasdaq 100 Index marks recognition of its controversial founder Michael Saylor by institutions. According to documents disclosed by the U.S. Securities and Exchange Commission (SEC) on Monday, from December 9 to December 15, MicroStrategy acquired 15,350 bitcoins at an average price of approximately $100,386. As the company accelerates its bitcoin purchases, its stock price has risen more than 500% this year. MicroStrategy aims to raise $42 billion over the next three years through selling shares in the market and issuing convertible bonds, which will be used to purchase more bitcoins. [Original link]
