According to CoinDesk, MicroStrategy has purchased Bitcoin for the seventh consecutive week.

The company acquired 5,262 BTC at an average price of $106,662, bringing its total holdings to 444,262 BTC.

The announcement of this purchase coincides with the day MicroStrategy joined the Nasdaq 100 Index.

MicroStrategy (MSTR) is a software development company that regards Bitcoin (BTC) acquisition as a core value, and has recently increased its holdings. In the week ending December 22, the company purchased 5,262 BTC for a total price of $561 million.

The average purchase price was $106,622 per Bitcoin, raising MicroStrategy's total holdings to 444,262 BTC. This brings the holding value of the company to $4.22 billion at current market prices, with the average cost of Bitcoin increasing to $62,257.

The funds for the latest acquisition came from the company's stock sales through its market program (ATM). MicroStrategy has $7.08 billion remaining under this program.

This announcement comes as MicroStrategy officially begins trading as a member of the Nasdaq 100 Index. In pre-market trading, the stock price has not changed much, exceeding $364.2.