3 days ago
Disclaimer: The expert who wrote this portion owns shares of MicroStrategy (MSTR)
MicroStrategy, the self-described bitcoin (BTC) improvement company, accrued its holdings of the largest cryptocurrency for the eighth consecutive week.
The company, which already holds much bitcoin than immoderate different publically traded company, bought different 2,138 BTC for $209 cardinal successful the week ended Dec. 29, bringing its full holdings to 446,400 BTC.
Once again, Executive Chairman Michael Saylor teased the announcement connected Sunday successful a post connected X. The mean acquisition terms of bitcoin was $$97,837, which raised the mean acquisition terms to $62,428.
The acquisition was funded done stock income nether the company's at-the-market (ATM) program, for which they person $6.88 cardinal near connected the ATM program.
MicroStrategy joined the Nasdaq 100 past week and presently ranks 57 with an index weighting of 0.38%.
The stock terms is presently 40% beneath the grounds precocious it deed Nov. 21. It is down 3% successful pre-market trading, taking it to astir $320 per share.
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