The software developer, MicroStrategy, raised its overall holdings to 446,400 BTC.
As usual, executive chairman Michael Saylor hinted at MicroStrategy’s Bitcoin acquisition in a post on X on December 29.
According to the company’s securities disclosure filings, it paid $209 million for 2,138 Bitcoin last week.
MicroStrategy bought Bitcoin for eight straight weeks, raising its average acquisition price to $62,428 per BTC.
The corporation has invested over $27.9 billion in its Bitcoin holdings since launching its strategy in 2020.
Through an at-the-market approach, MicroStrategy has raised money by issuing shares or securities to finance its Bitcoin purchases during the last two months.
With $6.88 billion left over from its ATM program, the business will probably make more weekly Bitcoin purchases soon.
Saylor’s software developer from the dotcom era rose to the Nasdaq 100 thanks to Bitcoin. With a 0.38% weighting, the company rapidly outperformed 30% of current index members.
MSTR’s share price had a 40% decline from its record high following Christmas, reaching a peak of $473.83 on November 21.
As of this writing, Bitcoin’s surge has also stalled, trading at about $92,900, down 13.9% from its December 17 ATH of $108,135 high.
Despite the decline, MSTR was the best-performing stock of 2024, rising 402%, surpassing Bitcoin’s 119% gain.
