Key Takeaways
- MicroStrategy purchased 5,262 bitcoin for $561 million.
- The company now holds 444,262 BTC worth $42.2 billion.
- The purchase aligns with MicroStrategy's entry into the Nasdaq 100.
MicroStrategy has purchased 5,262 bitcoin (BTC) for $561 million at an average price of $106,622 per BTC.
The acquisition marks the seventh consecutive week of bitcoin purchases by the software developer, bringing its total holdings to 444,262 BTC.
Purchase details
Executive Chairman Michael Saylor teased the news on X before the company officially announced it.
With this purchase, the total value of MicroStrategy’s bitcoin holdings has climbed to $42.2 billion based on current market prices. The average acquisition cost now stands at $62,257 per bitcoin.
Financing
The acquisition was financed through share sales under the company’s at-the-market (ATM) program, which still has $7.08 billion in available capacity.
Nasdaq 100 inclusion
The announcement coincides with a significant milestone for MicroStrategy: its inclusion in the Nasdaq 100 index.
Despite this achievement, the company’s stock price showed little movement in pre-market trading, remaining above $364.2.
Long-term strategy
Michael Saylor and MicroStrategy have consistently emphasized their commitment to bitcoin as a central part of their business strategy.
The continued accumulation highlights the company’s long-term bet on the digital asset.
