MicroStrategy Inc. (NASDAQ:MSTR) has further increased its holdings by purchasing 5,262 Bitcoin (CRYPTO: BTC) at an average price of $106,662, totaling approximately $561 million.
What Happened: This acquisition brings MicroStrategy’s total Bitcoin holdings to 444,262 BTC, with an average cost of $62,257 and a total cost of approximately $27.7 billion as of Dec. 22, 2024.
This latest purchase by MicroStrategy comes at a time of market speculation about a potential pause in their Bitcoin-buying strategy next month.
This speculation centers around the idea that the company might temporarily halt its practice of issuing convertible debt or selling shares through “at-the-market” programs to fund these acquisitions.
It is believed that these activities might be put on hold as …
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