#MicroStrategy purchase 2138 #BTC more and adds to its stock for the eighth consecutive week
The purchase raises the total holdings of #bitcoin of MicroStrategy to 446,400 BTC.
The company, which already holds more bitcoins than any other publicly traded company, bought another 2,138 BTC for 209 million dollars in the week ending December 29, bringing its total holdings to 446,400 BTC.
Once again, CEO Michael Saylor preempted the announcement on Sunday in a post on X. The average purchase price of bitcoin was $97,837, raising the average purchase price to $62,428.
The purchase was financed through the sale of shares under the company's ATM (at-the-market) program, for which they have $6.88 billion remaining in the ATM program.
MicroStrategy joined the Nasdaq 100 last week and currently ranks 57th with an index weighting of 0.38%.