#MicroStrategyStockSale
MicroStrategy's aggressive $BTC acquisition strategy continues to make waves. Between December 23 and 29, 2024, the company sold nearly 593,000 shares, generating approximately $209 million, which was used to purchase 2,138 bitcoins at an average price of $97,837 per coin.¹
This transaction boosted MicroStrategy's total Bitcoin holdings to around 446,400, acquired at an average cost of $62,428 each, totaling about $27.9 billion. The current market value of these holdings is estimated at $41.1 billion. However, MicroStrategy's stock (MSTR) has experienced volatility, recently declining by over 5% due to Bitcoin's price movements and market fluctuations.
It's essential for investors to be aware of the risks associated with MicroStrategy's strategy, including market volatility and potential regulatory challenges. The company's significant exposure to $BTC makes its stock performance closely tied to the cryptocurrency's market value. As of December 31, 2024, MicroStrategy's stock price was $289.62, with a market cap of $80.80 billion.