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8 consecutive weeks of BTC accumulation! MicroStrategy spends $209 million to add 2,138 BTC
Business intelligence software provider MicroStrategy once again demonstrated the company's commitment to the 'BTC strategy'. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, MicroStrategy stated that it had spent $209 million to buy an additional 2,138 BTC at an average price of $97,837 last week. This marks the 8th consecutive week that MicroStrategy has announced an increase in BTC holdings.
The funds MicroStrategy used to purchase BTC this time mainly came from the sale of company stocks. The company still has approximately $6.88 billion in stocks available for sale.
As of December 29th, MicroStrategy's BTC holdings reached 446,400, accounting for approximately 2.12% of the total BTC supply (21 million), with a total value of over $41.2 billion based on current market prices.
According to Michael Saylor, co-founder and CEO of the company, the average cost of MicroStrategy's BTC is approximately $62,428 per coin, with a total cost of approximately $27.9 billion (including fees and related expenses).
MicroStrategy has acquired 2,138 Bitcoin for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12/29/2024, we hodl 446,400 $BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR
— Michael Saylor (@saylor) December 30, 2024
This is MicroStrategy's 8th consecutive week of increasing its BTC holdings. Since announcing the 'Raise $420 million to buy BTC' action in October this year, MicroStrategy has purchased over 194,000 BTC, worth about $18 billion, accounting for approximately 43% of the current $41.2 billion coin holdings value.
Last week, MicroStrategy joined the Nasdaq 100 Index as the 57th largest company in the index, accounting for approximately 0.38%.
MicroStrategy's stock price has been under pressure recently, falling over 3% to $293.59 after Monday's close, a pullback of over 40% from the historical high set on November 21st.
MicroStrategy spends 209 million dollars to add 2,138 BTC, increasing its BTC holdings for 8 consecutive weeks! This article was first published in "Block Beats".