MicroStrategy continued its aggressive Bitcoin acquisition strategy, buying 5,262 BTC for $561 million despite the recent market downturn.
According to a Dec. 23 filing with the US Securities and Exchange Commission (SEC), the firm stated that the purchase price averaged $106,662 per Bitcoin.
This marks the seventh week of acquisitions, pushing the company’s total Bitcoin holdings to over 444,000 BTC.
MicroStrategy’s cumulative investment now stands at $27.7 billion, with an average purchase price of $62,257 per Bitcoin. Based on current market values, the firm’s holdings are worth more than $42 billion.
MicroStrategy’s Bitcoin investments have yielded notable returns, with quarterly BTC yields reaching 47.4% and annual gains hitting 73.4%.
Meanwhile, the firm’s MSTR shares will be added to the Nasdaq 100 stock index on Dec. 23. According to Google Finance data, the stock is down 3.08% as of press time to $353.
New board members
The latest acquisition follows the firm’s rec
We współpracy z: https://cryptoslate.com/insights/microstrategy-invests-561-million-in-bitcoin-amid-market-pullback/
