MicroStrategy Buys a Further 5,262 BTC as Stock Joins Nasdaq 100

Disclaimer: The expert who wrote this portion owns shares of MicroStrategy (MSTR)

MicroStrategy (MSTR), the bundle developer that has made acquiring bitcoin (BTC) a halfway value, added to its holding for a seventh week successful a row.

The institution bought 5,262 BTC for a full of $561 cardinal successful the week ended Dec. 22 to instrumentality its full holdings to 444,262 BTC it said.

The purchase, astatine an mean terms of $106,622 per bitcoin, was teased by Executive Chairman Michael Saylor successful a Sunday station connected X. It brings the worth of MicroStrategy's holdings to $42.2 cardinal astatine existent marketplace prices and raises the mean outgo to $62,257 per bitcoin. The latest acquisitions were funded by stock income nether the company's at-the-market programme (ATM). MicroStrategy has $7.08 cardinal near connected the ATM program. The announcement comes the aforesaid time that MicroStrategy starts trading arsenic a subordinate of the Nasdaq 100 equity index. The stock terms is small changed successful pre-market trading, implicit $364.2.