The purchases took place over the week ended Sunday and were funded with share sales under the company's ATM program.
The purchases took place over the week ended Sunday and were funded with share sales under the company's ATM program.
MicroStrategy bought 15,400 more bitcoin for $1.5 billion last week, taking its total holdings to 402,100 BTC. The company's bitcoin holdings are worth roughly $38.2 billion at bitcoin's current price of $95,000.of 15,400 bitcoin over the week ended Dec. 1 for $15.4 billion, or an average price of $95,976 each on Monday. That brings its holdings to 402,100 tokens worth $38.2 billion at the current price of $95,000. The company's overall average purchase price is $58,263.
This most recent buy was funded with share sales under the company's existing at-the-market program, according to the disclosure.Underway is the process for rebalancing the Nasdaq 100 and one discussion point is whether MicroStrategy will be included in the refigured index. An announcement on inclusion is due to take place on Dec. 13.
"If you are going to outperform you are going to need bitcoin, and your bonds are undermining your options market and your equity liquidity,"Saylor said the board had surrendered $200 billion in capital in the past five years through dividends or stock buybacks. These funds would have been better used to buy bitcoin as a treasury asset, he said. Bitcoin is up over 1,200% in the past five years, which shows a massive opportunity missed by Microsoft.
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