#BtcNewHolder
MicroStrategy buys 2138 more BTC and adds to its stock for the eighth consecutive week.

The purchase raises MicroStrategy's total bitcoin holdings to 446,400 BTC.




What to know:

  • MicroStrategy increased its bitcoin holdings for the eighth consecutive week.

  • The purchase was financed through the sale of shares under the company's ATM program.


MicroStrategy, the self-proclaimed bitcoin (BTC) development company, increased its holdings of the largest cryptocurrency for the eighth consecutive week.

The company, which already holds more bitcoins than any other publicly traded company, purchased another 2,138 BTC for 209 million dollars in the week ending December 29, raising its total holdings to 446,400 BTC.

Once again, CEO Michael Saylor previewed 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%.

The stock price is currently 40% below the all-time high reached on November 21. It has fallen 3% in pre-market trading, placing it around 320 dollars per share.

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