MicroStrategy continued its aggressive Bitcoin
MicroStrategy continued its aggressive Bitcoin purchasing strategy, buying 5,262 BTC for $561 million despite the recent market downturn. The company stated in a Dec. 23 filing with the US Securities and Exchange Commission (SEC) that the purchase price averaged $106,662 per Bitcoin. This marks the seventh week of acquisitions, pushing the company’s total Bitcoin holdings to over 444,000 BTC.
MicroStrategy’s cumulative investment now stands
MicroStrategy’s cumulative investment now stands at $27.7 billion, with an average purchase price of $62,257 per Bitcoin. Based on current market values, the firm’s holdings are worth more than $42 billion. MicroStrategy’s Bitcoin investments have yielded notable returns, with quarterly BTC yields reaching 47.4% and annual gains hitting 73.4%.
The firm’s MSTR shares will
The firm’s MSTR shares will be added to the Nasdaq 100 stock index on Dec. 23. The latest acquisition follows the firm’s recent addition of three new board members, increasing the board’s size to nine. The individuals added to the board bring extensive, diverse experience from major firms involved in digital assets to the Bitcoin-focused company.
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