Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR)
MicroStrategy (MSTR), the software developer that made bitcoin (BTC) acquisition a staple, added to its holdings for the seventh week in a row.
The company bought 5,262 BTC for a total of $561 million in the week ended December 22 to take its total holdings to 444,262 BTC it said.
The purchase, at an average price of $106,622 per bitcoin, was teased by Executive Chairman Michael Saylor in a Sunday post on X. This brings the value of MicroStrategy’s holdings to $42.2 billion at current market prices and raises the average cost to $62,257 per bitcoin.
The latest acquisitions were financed by share sales under the company’s at-the-market program (ATM). MicroStrategy has $7.08 billion left in the ATM program.
The announcement comes on the same day that MicroStrategy begins trading as a member of the Nasdaq 100 equity index. The share price was little changed in pre-market trading, above $364.2.
