MicroStrategy has made a notable purchase of 55,500 bitcoin for $5.4 billion, increasing its total holdings to 386,700 BTC, valued at approximately $38 billion. This latest investment, averaging $97,862 per bitcoin, marks a significant step for the company, which has aggressively pursued bitcoin acquisitions since 2020. The overall investment for its current bitcoin holdings amounts to $21.9 billion, averaging $56,761 per bitcoin. The timing of this transaction coincides with MicroStrategy's recent achievement of entering the top 100 U.S. publicly traded companies by market capitalization, briefly exceeding a valuation of $100 billion. The company awaits the results of the annual Nasdaq 100 Index reranking, scheduled for December 13, which may significantly impact its market presence. In a parallel move, MicroStrategy also completed a convertible debt sale, raising $3 billion for its operations, further solidifying its strategic focus on cryptocurrency investments.

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