MicroStrategy continues to enhance its Bitcoin holdings with the recent acquisition of another 5,262 BTC for approximately $561 million, utilizing funds from stock sales.
Latest Purchase
Between December 16 and 22, 2024, MicroStrategy acquired 5,262 bitcoins, spending approximately $561 million. The funds for this purchase were obtained from selling 1.32 million shares of the company.
Current Bitcoin Holdings
Currently, MicroStrategy holds 444,262 BTC, purchased for a total of $27.7 billion. The average price per coin is $62,257. This amount was confirmed by the company's co-founder, Michael Saylor, on X (formerly known as Twitter).
Changes at MicroStrategy
The news of the increased Bitcoin holdings was announced shortly after MicroStrategy was added to the Nasdaq 100 index. This inclusion positions the company among the top 100 firms by market capitalization. Recently, MicroStrategy augmented its leadership team with the addition of Brian Brooks, former CEO of Binance.US, Jane Dietze from Galaxy Digital, and Gregg Winiarski from Fanatics Holdings to its board of directors.
Since 2020, MicroStrategy has consistently increased its Bitcoin holdings, becoming a leading entity in cryptocurrency investments.
