MicroStrategy Expands Bitcoin Holdings By 15,350 BTC Worth $1.5 Billion After Joining Nasdaq 100
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Zinger Key Points
  • Over the past six weeks, MicroStrategy acquired $17.5 billion in Bitcoin, representing 39% of its total Bitcoin position.
  • MicroStrategy will join the Nasdaq 100 index on December 23, leading to an estimated $2.1 billion in ETF-driven share purchases.

Bitcoin development companyMicroStrategy MSTR on Monday announced it has acquired an additional 15,350 Bitcoin BTC/USD for approximately $1.5 billion at an average price of $100,386 per coin.

The purchases took place between Dec. 9 and Dec. 15, according to the company's SEC 8-K filing.

The latest acquisition aligns with MicroStrategy's aggressive Bitcoin-buying strategy, which has now pushed its total Bitcoin holdings to 439,000 BTC, valued at over $45 billion.

The company's co-founder and executive chairman, Michael Saylor, confirmed that the average purchase price for its entire Bitcoin reserve, including fees and expenses, stands at $61,725 per Bitcoin, representing a total investment of $27.1 billion.

This makes MicroStrategy the holder of approximately 2.1% of Bitcoin's total supply of 21 million coins.

To fund the new purchases, MicroStrategy sold an additional 3.88 million shares during the same period, generating $1.5 billion.

Also Read: US Bitcoin Miners’ Hashrate Share Up To 29% Despite Declining Market Cap, Says JP Morgan

The share sale is part of the company's broader plan to raise $42 billion through equity and fixed-income offerings, enabling further Bitcoin acquisitions.

As of Dec. 15, MicroStrategy has $7.65 billion in shares still available for sale.

The recent purchase marks MicroStrategy's sixth consecutive week of Bitcoin accumulation.

Just last week, the company acquired 21,550 BTC for approximately $2.1 billion, at an average price of $98,783 per coin.

Over the past six weeks alone, MicroStrategy has added $17.5 billion worth of Bitcoin—roughly 39% of its total $45 billion position.

Meanwhile, in a significant milestone, MicroStrategy is set to join the Nasdaq 100 index on Dec. 23, a move expected to further boost its stock's market liquidity.

MicroStrategy's aggressive accumulation strategy has helped its market cap climb to $92 billion, trading at a premium relative to the net asset value of its Bitcoin holdings.

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