MicroStrategy continues to strengthen its position as a major Bitcoin holder, purchasing 5,262 BTC for $561 million in the week ending December 22.
This latest acquisition brings the company's total Bitcoin holdings to 444,262 BTC.
The Bitcoin purchase was made at an average price of $106,662 per coin, pushing the total value of MicroStrategy’s holdings to $42.2 billion at current market prices.
As a result, the company’s average cost per Bitcoin has risen to $62,257.
This move marks the seventh consecutive week that MicroStrategy has increased its Bitcoin holdings.
The acquisitions were funded through share sales under the company’s at-the-market (ATM) program, which still has $7.08 billion available for further Bitcoin purchases.
In a historic turn, this announcement comes on the same day that MicroStrategy’s stock began trading as part of the Nasdaq 100.
Despite the big move, MicroStrategy's share price has remained steady, trading at just over $364 in pre-market.
MicroStrategy's relentless Bitcoin strategy, led by Executive Chairman Michael Saylor, underscores the company’s commitment to digital assets and the growing influence of Bitcoin in its investment approach.