This marks seven consecutive weeks of Bitcoin acquisitions, costing approximately $561 million at an average price of $106,622 per coin. The purchase, hinted at by Executive Chairman Michael Saylor, increases the value of MicroStrategy's Bitcoin holdings to around $42.2 billion at current market prices, raising their average cost basis to $62,257 per BTC.
Funding for this latest purchase came from share sales under the company's at-the-market (ATM) program, leaving approximately $7.08 billion remaining.
This significant Bitcoin buy coincides with MicroStrategy's inclusion in the Nasdaq 100 index.
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