MicroStrategy has once again purchased $1.5 billion worth of Bitcoin through stock issuance.
On December 16th, Monday Eastern Time, documents submitted by the American software company MicroStrategy (MSTR) to the U.S. Securities and Exchange Commission (SEC) revealed that MSTR purchased 15,350 Bitcoins at an average price of approximately $100,386 per coin between December 9th and 15th through stock issuance.
This marks the sixth consecutive Monday that MSTR has announced the purchase of this digital asset. As of now, the total value of Bitcoin held by MSTR has reached approximately $45 billion.
It is worth mentioning that MSTR's continued investment in Bitcoin has not only attracted the attention of investors but also brought new honors to the company. Last Saturday, the Nasdaq-100 Index announced the results of its annual component stock adjustments, and MSTR was included in the Nasdaq-100 Index, becoming a new component stock alongside Palantir and Axon. Meanwhile, Illumina, Advanced Micro Devices, and Moderna were removed from the index.
MSTR's inclusion signifies the recognition of mainstream financial institutions and investors of its founder Michael Saylor's unconventional approach. Saylor is known for his disdain for traditional Wall Street rules, and his bold initiatives to transform the company have garnered widespread attention.
MSTR's journey into Bitcoin investment began in August 2020 when, under Saylor's leadership, the company announced a $250 million purchase of approximately 21,454 Bitcoins, becoming the first publicly traded company to implement a Bitcoin asset strategy. This decision opened a new chapter for MSTR's transformation into a &#34;leveraged Bitcoin proxy.&#34; Since then, MSTR has steadfastly increased its Bitcoin holdings and further intensified its investment through stock issuance.
This series of decisions has driven a strong rise in MicroStrategy's stock price. So far in 2024, MicroStrategy's stock price has increased by approximately 500%, making it one of the most notable &#34;Bitcoin stocks&#34; in the capital market. Saylor has thus become a &#34;hero&#34; in the eyes of Bitcoin bulls (investors who are bullish on Bitcoin)

MSTR

On the eve of joining the Nasdaq 100, MSTR repurchased Bitcoin worth $1.5 billion by issuing stocks from December 9 to 15, totaling 15,350 coins, with an average price of $100,386 per coin. This marks the sixth consecutive Monday that MSTR has announced the purchase of Bitcoin, and its total Bitcoin holdings are currently valued at approximately $45 billion

- MSTR has purchased $1.5 billion worth of Bitcoin by issuing stock, acquiring 15,350 BTC at an average price of approximately $10,038.60 each between December 9 and 15.  
- This marks the sixth consecutive Monday that MSTR has announced a Bitcoin purchase, bringing its total Bitcoin holdings to around $45 billion.  
- MSTR's ongoing investment strategy has garnered investor attention and led to its inclusion in the Nasdaq 100 index, reflecting recognition of founder Michael Saylor's unconventional approach to finance.

Wallstreetcn

Strategy

T-REX 2X Long MSTR Daily Target ETF

Illumina

Moderna

Super Micro Computer

Huatai-PB NASDAQ 100 ETF(QDII)

Palantir Tech

T-REX 2X Inverse MSTR Daily Target ETF

Defiance Daily Target 2X Short MSTR ETF

OKG TECH

VICTORY SEC

BRIGHT DAIRY

Daily Target 2X Long MSTR ETF

AOTO Electronics

GBA DYNAMIC

As MSTR joins the Nasdaq 100, it splurges $1.5 billion to purchase Bitcoin!