{"id":102527,"date":"2024-12-31T04:53:38","date_gmt":"2024-12-31T08:53:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=102527"},"modified":"2024-12-31T04:54:05","modified_gmt":"2024-12-31T08:54:05","slug":"microstrategy-adds-bitcoin-for-8th-consecutive-week","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/microstrategy-adds-bitcoin-for-8th-consecutive-week\/","title":{"rendered":"MicroStrategy Adds Bitcoin for 8th Consecutive Week"},"content":{"rendered":"\n

The software developer,\u00a0\u00a0MicroStrategy, raised its overall holdings<\/a> to 446,400 BTC.\u00a0
<\/p>\n\n\n\n

\"MicroStrategy
MicroStrategy Adds Bitcoin for 8th Consecutive Week<\/figcaption><\/figure>\n\n\n\n

As usual, executive chairman Michael Saylor hinted at MicroStrategy's Bitcoin acquisition in a post on X on December 29. <\/p>\n\n\n\n

According to the company's securities disclosure filings, it paid $209 million for 2,138 Bitcoin last week. <\/p>\n\n\n\n

MicroStrategy bought Bitcoin for eight straight weeks, raising its average acquisition price<\/a> to $62,428 per BTC. <\/p>\n\n\n\n

The corporation has invested over $27.9 billion in its Bitcoin holdings since launching its strategy in 2020. <\/p>\n\n\n\n

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.\u00a0<\/p>\n\n\n\n

With $6.88 billion left over from its ATM program\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the business will probably make more weekly Bitcoin purchases soon. <\/p>\n\n\n\n

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. <\/p>\n\n\n\n

MSTR's share price had a 40% decline from its record high following Christmas, reaching a peak of $473.83 on November 21. <\/p>\n\n\n\n

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. <\/p>\n\n\n\n

Despite the decline, MSTR was the best-performing stock<\/a> of 2024, rising 402%, surpassing Bitcoin's 119% gain.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The software developer,\u00a0\u00a0MicroStrategy, raised its overall holdings to 446,400 BTC.\u00a0 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 […]<\/p>\n","protected":false},"author":43,"featured_media":102528,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,539],"class_list":["post-102527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-microstrategy"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/12\/croc_1735633321939.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=102527"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/102528"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=102527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=102527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=102527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}