MicroStrategy has purchased 2,138 Bitcoin for $209 million, bringing its total holdings to 446,400 BTC, valued at approximately $41.5 billion. The acquisition, announced on December 30, involved the purchase of Bitcoin between December 23 and 29 at an average price of $97,837 per BTC. This latest buy is part of a streak of consecutive weekly purchases since October 31, totaling 194,180 BTC. While recent purchases have been significantly lower compared to November's acquisitions, the company’s year-to-date Bitcoin yield has risen to 74.1%. Additionally, MicroStrategy aims to raise its authorized Class A common stock from 330 million to over 10 billion shares to enhance flexibility in stock issuance to fund further Bitcoin acquisitions. Co-founder Michael Saylor remains bullish on Bitcoin, indicating a commitment to continue buying even at high prices.

Source 🔗