Despite market fluctuations, MicroStrategy remains bullish, adding 15,400 BTC and pushing total holdings to 402,100.
As November closes and December begins, the business intelligence giant has made notable strides in its Bitcoin strategy, pushing its holdings to over 400,000 BTC.MicroStrategy’s Bitcoin holdings now total 402,100 tokens, valued at approximately $38.2 billion based on the current price of $95,000 per BTC.This latest acquisition was financed through share sales under its ongoing at-the-market program, as disclosed.
Executive Chairman Michael Saylor hinted at the announcement of this purchase on 1st December, generating further anticipation within the crypto community ahead of the reveal.In the past week, MicroStrategy sold 3.7 million shares of its MSTR stock, raising around $1.5 billion, which was immediately reinvested into BTC.In fact, according to the latest filing with the U.S.
Since reaching its peak on the 21st of November, the company’s valuation has plummeted by over 35%, erasing more than $30 billion.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life. Her interests lie in making sure articles are very digestible to a common reader, despite all its technicalities and jargons.Subscribe to get it daily in your inbox.
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