According to CoinDesk, MicroStrategy purchased Bitcoin for the seventh consecutive week.
The company purchased 5,262 BTC at an average price of $106,662, bringing its total holdings to 444,262 BTC.
The purchase was announced on the day MicroStrategy joined the Nasdaq-100 Index.
MicroStrategy (MSTR), a software development company that considers Bitcoin (BTC) acquisition as a core value, has recently increased its holdings. In the week ending December 22, the company purchased 5,262 BTC for a total of $561 million.
The purchase, which was made at an average price of $106,622 per Bitcoin, brings MicroStrategy’s total holdings to 444,262 BTC. This values the company’s holdings at $42.2 billion at current market prices and raises the average cost of Bitcoin to $62,257.
The latest acquisition funds come from the company's stock sales through the market program (ATM). MicroStrategy has $7.08 billion remaining under this plan.
This announcement coincides with MicroStrategy officially beginning trading as a member of the NASDAQ 100 Index. In pre-market trading, the stock price changed little, exceeding $364.2.
