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MicroStrategy has made news again with its latest Bitcoin purchase, acquiring 5,262 bitcoins for about $561 million at an average price of $106,662 per coin. This purchase happened between December 16 and December 22, 2024, and marks the company's seventh week in a row of buying Bitcoin.
After this acquisition, MicroStrategy's total Bitcoin holdings have increased to 444,262 BTC, worth around $43 billion at the current market price.
The company raised the money for this purchase by selling about 1.3 million shares, even though its stock has dropped about 5.5% recently.
MicroStrategy’s bold strategy of buying Bitcoin has made it one of the largest corporate owners of Bitcoin in the world. The company's stock performance is closely linked to Bitcoin’s price changes, and its shares have risen over 400% this year.
Looking ahead, MicroStrategy continues to believe in Bitcoin as a valuable asset. Its ongoing purchases are expected to have a big impact on its stock price and the wider cryptocurrency market. The company remains committed to Bitcoin as it navigates market ups and downs and aims for future growth.
