In recent weeks, MicroStrategy has acquired over 15,000 BTC, surpassing its 400,000 BTC holdings.
The business intelligence colossus has made significant progress in its Bitcoin strategy as November concludes and December commences, increasing its holdings to more than 400,000 BTC.
The current price of $95,000 per BTC is approximately $38.2 billion, and MicroStrategy’s Bitcoin holdings now total 402,100 tokens.
As previously disclosed, the company’s ongoing at-the-market program consisted of share sales to fund this most recent acquisition.
Michael Saylor, the Executive Chairman, alluded at the announcement of this purchase on December 1st, which heightened the anticipation within the crypto community prior to the reveal.
MicroStrategy has sold 3.7 million shares of its MSTR stock in the past week, generating approximately $1.5 billion. This capital was promptly reinvested into BTC.
This is the fourth week in a row that the organization has acquired Bitcoin. MicroStrategy has approximately $11.3 billion remaining in its stock issuance program, which is a component of a broader strategy to secure $21 billion in funding through fixed-income securities by 2027, according to Bloomberg.
MicroStrategy acquired 15,400 BTCs between November 25th and December 1st, according to the most recent filing with the U.S. Securities and Exchange Commission (SEC). The average price per token was approximately $95,976.
The company has invested over $13.5 billion in Bitcoin across three distinct bundles since November 11th. MARA Holdings (MARA), a Bitcoin miner, has maintained its commitment to MicroStrategy’s Bitcoin acquisition strategy. Recently, the company acquired 6,484 BTC for an estimated $618.3 million in cash between October 1st and November 30th, at an average cost of $95,352 per token.
At the current price, MARA possesses 34,959 BTC, which is equivalent to $3.3 billion as of November 30th. Nevertheless, it is crucial to acknowledge that MicroStrategy is currently in the midst of a difficult period, as its market capitalization has experienced an unprecedented four-day decline.
The company’s valuation has declined by over 35% since its apogee on November 21st, resulting in a loss of over $30. billion.
The stock of MSTR was down 1.85%, trading at $380.30, while BTC was trading at $94,868.35, reflecting a 0.50% decline in the past 24 hours.
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