MicroStrategy, a software giant pioneering in Bitcoin accumulation, continues to assert its leading position by purchasing an additional 5,262 BTC in the week ending December 22, bringing the total number $BTC held by the company to 444,262 BTC.
Impressive transaction details
• Total purchase value: $561 million.
• Average price per BTC: $106,622.
• Total current value of holdings: $42.2 billion (based on current market price).
• MicroStrategy's average cost basis: $62,257/Bitcoin.
The additional purchase is made through the 'at-the-market' (ATM) stock sale program, in which #microstrategy still has $7.08 billion available from this program.
New progress in the stock market
The announcement of the new Bitcoin purchase coincides with a significant event: MicroStrategy officially joins the Nasdaq 100 index, one of the leading technology stock indices in the U.S. The company's stock (MSTR) is currently trading around $364.2 and has shown little volatility in the pre-market session.
Why is this move important?
1. Long-term strategy with Bitcoin:
• MicroStrategy not only considers Bitcoin as an investment asset but also views it as the core value of the company, steadily accumulating over 7 consecutive weeks.
2. Strengthening market position:
• With 444,262 BTC in its inventory, MicroStrategy currently holds over 2% of the total Bitcoin supply, reaffirming its position as the largest institutional investor.
3. Joining Nasdaq 100:
• The inclusion of MicroStrategy in the Nasdaq 100 index is not only an acknowledgment of the company's value but also reflects the trend of integrating cryptocurrency into traditional financial markets.
Conclusion
MicroStrategy continues to demonstrate resilience and a long-term vision in accumulating Bitcoin, despite market fluctuations. This move not only enhances the company's value but also sends a positive signal for the future of Bitcoin in the eyes of institutional investors.
Stay tuned and updated on the latest investment strategies from MicroStrategy to not miss opportunities in the next Bitcoin wave!