MicroStrategy has bought another 5,262 BTC for about $561 million spending an average of $106,662 for each Bitcoin. This purchase took place between December 16, 2024 and December 22, 2024, using money made from selling 1.32 million shares of the company.
Right now, the company owns 444,262 BTC, which it purchased for a total of $27.7 billion, at an average price of $62,257 for each Bitcoin. Michael Saylor, the company’s co-founder and executive chairman, confirmed the amount on X (formerly Twitter):
MicroStrategy also shared that it has about $7.08 billion worth of shares available to sell in the future under its current agreement.
Meanwhile, the news was announced right after MicroStrategy was added to the Nasdaq 100 index earlier today. This positions the firm among the top 100 companies by market capitalization. Also, stock investors can now comfortably invest indirectly in Bitcoin by just buying MicroStrategy stock.
The company is changing its leadership team. It recently added new board members: Brian Brooks, former Binance.US CEO and U.S. Comptroller of the Currency; Jane Dietze, a board member at Galaxy Digital; and Gregg Winiarski from Fanatics Holdings.
MicroStrategy has been steadily investing in Bitcoin since 2020. On November 10, it purchased 27,200 BTC at $74,000 apiece. A week later, it bought 51,780 BTC, and on November 24, it made its largest purchase ever—55,500 BTC for $97,000 apiece.
Its last purchase before today was on December 16, when it bought 15,350 Bitcoin and spent about $1.5 billion. The average price was roughly $100,386 per Bitcoin.
Also Read: MicroStrategy’s Saylor Sees Bitcoin as ‘Cyber Manhattan’
