last monday MicroStrategy (NASDAQ:MSTR), the Bitcoin development company, announced that it has acquired 15,350 Bitcoin (CRYPTO:BTC) worth approximately $1.5 billion at an average price of $100,386 per coin.
The purchases took place between December 9 and December 15, according to the company’s 8-K filing with the SEC.
MicroStrategy’s latest acquisition fits into its aggressive Bitcoin purchasing strategy, which has now brought its total Bitcoin portfolio to 439,000 BTC, valued at over $45 billion.
The co-founder and CEO of the company, Michael Taylorconfirmed 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.
More Read
This makes MicroStrategy the owner of approximately 2.1% of the total Bitcoin supply of 21 million coins.
To finance the new purchases, MicroStrategy sold an additional 3.88 million shares during the same period, generating $1.5 billion.
You can also read: The convergence between artificial intelligence and cryptocurrencies is inevitable: What has happened?
The share sale is part of the company’s broader plan to raise $42 billion through equity and fixed income offerings, allowing it to make more Bitcoin acquisitions.
As of December 15, MicroStrategy has $7.65 billion in shares available for sale.
The recent purchase marks MicroStrategy’s sixth consecutive week of Bitcoin accumulation.
Last week alone, the company acquired 21,550 BTC worth approximately $2.1 billion, at an average price of $98,783 per coin.
In the last 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 will join the Nasdaq 100 index on December 23, a move that is expected to further improve the liquidity of its stock market value.
MicroStrategy’s aggressive accumulation strategy has helped its market capitalization rise to $92 billion, trading at a premium to the net asset value of its Bitcoin portfolio.
Receive exclusive news 30 minutes before other traders
The 14 day free trial Benzinga Pro gives you access to exclusive news so you can trade before millions of other investors. Start your 14-day free trial by doing CLICK HERE.
For more updates on this topic, turn on notifications from Benzinga Spain or follow us on our social networks: x and Facebook.
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
