MicroStrategy continues to increase its holdings by $1.5 billion in Bitcoin, bringing the total value to approximately $45 billion
MicroStrategy has purchased $1.5 billion worth of Bitcoin through stock sales. This marks the company's sixth consecutive week announcing Bitcoin purchases, currently owning about $45 billion in Bitcoin.
Last Friday, MicroStrategy announced that it would be included in the NASDAQ 100 index on December 23rd. The decision to include the company in the NASDAQ 100 index signifies institutional recognition for its controversial founder Michael Saylor.
According to documents disclosed by the U.S Securities and Exchange Commission (SEC) on Monday, from December 9th to December 15th, MicroStrategy acquired 15,350 Bitcoins at an average price of approximately $100,386 each. As the company accelerates its purchase of Bitcoin, its share price has risen more than 500% this year. MicroStrategy aims to raise $42 billion over the next three years by selling shares and issuing convertible bonds on the market; these funds will be used to purchase more Bitcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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