On December 23, 2024, MicroStrategy announced a significant Bitcoin purchase of 5,200 BTC, valued at approximately $561 million, funded by proceeds from selling 1.3 million shares. This acquisition, the company's seventh consecutive week of buying Bitcoin, has increased their total holdings to 444,262 BTC, valued at around $42 billion. Despite this growth, MicroStrategy's stock fell 6% on its debut in the Nasdaq-100 index, with a total decline of 17% over the week as Bitcoin's price dipped below $100,000. The firm's strategy focuses on leveraging its stock sales to acquire more Bitcoin, which has drawn both enthusiasm and concern among analysts due to market volatility.
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