MicroStrategy Expands Bitcoin Holdings By 15,350 BTC Worth $1.5 Billion After Joining Nasdaq 100
Posted On December 16, 2024
‘Bitcoin development company‘ MicroStrategy (NASDAQ:MSTR) on Monday announced it has acquired an additional 15,350 Bitcoin (CRYPTO: BTC) 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 …
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