MicroStrategy, the self-proclaimed bitcoin (BTC) development company, has once again increased its bitcoin holdings for the eighth consecutive week. This time, the company acquired an additional 2,138 BTC for $209 million in the week ending December 29. With this purchase, MicroStrategy’s total bitcoin holdings now stand at 446,400 BTC, making it the largest corporate holder of the cryptocurrency.
The announcement was teased by Executive Chairman Michael Saylor on Sunday via a post on X. The average purchase price for the recent acquisition was $97,837 per bitcoin, pushing the overall average purchase price for its entire bitcoin stash to $62,428.
The purchase was funded through the sale of shares under MicroStrategy’s at-the-market (ATM) program, which still has $6.88 billion remaining.
In other developments, MicroStrategy officially joined the Nasdaq 100 last week, where it is currently ranked 57th with a 0.38% index weighting.
Despite these achievements, the company’s stock price is down 40% from its peak on November 21 and has fallen 3% in pre-market trading, bringing it to around $320 per share.
