🛒After being included in the NASDAQ 100, MicroStrategy has increased its holdings by 15,350 BTC
After being included in the NASDAQ 100 index, MicroStrategy recently purchased an additional 15,350 bitcoins, bringing its total bitcoin holdings to 439,000. Furthermore, the adjustment for MicroStrategy's inclusion in the NASDAQ index will take effect on December 23, which not only marks a significant event but also represents the market's recognition of the company.
The total expenditure for this bitcoin purchase by MicroStrategy was $1.5 billion, with an average purchase price of $100,386 per bitcoin. This marks the first time MicroStrategy has made a regular investment purchase while the bitcoin price exceeded $100,000. This also reflects its founder Michael Saylor's consistent belief in always buying at high points.
After this large-scale purchase, MicroStrategy's average bitcoin holding cost has risen to $61,725 per bitcoin. During the previous bear market, MicroStrategy's average holding cost was only between $20,000 and $30,000. However, this year, through a continuous DCA strategy, MicroStrategy successfully raised its average holding cost to over $60,000.
From another perspective, MicroStrategy's increased holding cost is a positive indicator for the bitcoin market. As MicroStrategy's average purchase price and the mining costs for bitcoin miners continue to rise, it provides solid bottom support for bitcoin prices and serves as a strong guarantee for the fundamentals of the bitcoin market.
It is noteworthy that before announcing this purchase plan, MicroStrategy had $9.19 billion in stock sale funds. After completing this purchase, the company still has $7.65 billion available for continued regular investments in bitcoin. This also implies that MicroStrategy's purchasing plan for bitcoin may be far from over, which is a very positive signal for the market, showing the company's strong confidence in bitcoin's future.
💬What are everyone's thoughts on MicroStrategy's continuous increase in bitcoin holdings? How do you think this will affect the price of bitcoin and market confidence? Is MicroStrategy's strategy worth emulating by other companies?
