MicroStrategy, the prominent bitcoin development company, has increased its bitcoin holdings for the eighth consecutive week by purchasing an additional 2,138 BTC for $209 million. This acquisition raises MicroStrategy's total bitcoin holdings to 446,400 BTC. The average purchase price per bitcoin was $97,837, which in turn adjusted the overall average purchase price to $62,428. The funding for this purchase was made possible through share sales under the company's at-the-market (ATM) program, which still has approximately $6.88 billion available. Recently, MicroStrategy joined the Nasdaq 100, positioning itself at rank 57 with a 0.38% weight. Despite these advances, the company's share price has fallen 40% since its record high on November 21 and is currently down 3% in pre-market trading, hovering around $320 per share.

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