🚀 MicroStrategy Doubles Down: Adds 10,624 BTC in $963M Mega-Purchase
MicroStrategy ($MSTR) is back with a massive Bitcoin acquisition, adding 10,624 BTC last week for $962.7 million. This marks its largest weekly purchase in recent months, funded primarily through a sale of common stock.
Key Details:
· Average Purchase Price: $90,615 per Bitcoin
· Total Holdings: 660,624 BTC
· Total Cost: $49.35 billion (Avg. cost of $74,696 per BTC)
· Current BTC Price: ~$94,000 (+3% in 24hrs)
Market Moves:
· $MSTR stock is up 2.1% in premarket trading to ~$182.74, rebounding from a low near $155 on Dec. 1.
· The stock remains down >50% over the past six months.
The Strategy:
Despite a weakening share price,MicroStrategy has aggressively raised capital through stock sales to fund its Bitcoin treasury strategy, raising nearly $3 billion in recent weeks.
Executive Insight:
Executive ChairmanMichael Saylor, speaking at the BTC Conference in Abu Dhabi, noted he has been meeting with sovereign wealth funds, banks, and institutional investors in the Middle East this week.
Analyst Perspective:
James Van Straten, Senior Analyst at CoinDesk, notes: "MicroStrategy continues to leverage equity markets to execute its core Bitcoin acquisition strategy, even in volatile conditions."
#Bitcoin #BTC #MSTR #MicroStrategy #Crypto
#Trading #Investing #Blockchain #Finance #BuyTheDip
