Business intelligence software provider MicroStrategy once again demonstrated its commitment to the Bitcoin strategy. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, MicroStrategy stated that last week it spent $209 million to acquire 2,138 Bitcoins at an average price of $97,837 per coin. This marks the eighth consecutive week that MicroStrategy has announced an increase in Bitcoin holdings.
The funds used by MicroStrategy to purchase Bitcoin this time mainly came from the proceeds of selling company stock, and the company still has about $6.88 billion worth of stock available for sale.
As of December 29, MicroStrategy's Bitcoin holdings reached 446,400 coins, accounting for about 2.12% of the total Bitcoin supply (21 million coins), with a total value exceeding $41.2 billion based on current market value.
According to the company's co-founder and executive chairman Michael Saylor, the average cost of the Bitcoins held by MicroStrategy is approximately $62,428 per coin, with a total cost of about $27.9 billion (including fees and related expenses).
This marks the eighth consecutive week that MicroStrategy has increased its Bitcoin holdings. Since announcing the 'fundraising of $42 billion to buy Bitcoin' in October this year, MicroStrategy has acquired over 194,000 Bitcoins, worth approximately $18 billion, which accounts for about 43% of the current value of $41.2 billion in holdings.
MicroStrategy joined the Nasdaq 100 Index last week and is currently the 57th largest company in the index, accounting for approximately 0.38%.
MicroStrategy's stock price has recently been under pressure, falling over 3% to $293.59 after hours on Monday, a decline of more than 40% from the historical high point set on November 21.