MicroStrategy, a prominent bitcoin development company, has continued its aggressive acquisition of the cryptocurrency, adding 2,138 BTC to its holdings for the eighth consecutive week. The company spent $209 million on this latest purchase, bringing its total bitcoin stash to 446,400 BTC. The average price paid for this batch was $97,837, increasing the overall average purchase price to $62,428. Funding for these acquisitions came from share sales under MicroStrategy’s at-the-market (ATM) program, with $6.88 billion still available for future purchases. MicroStrategy, now part of the Nasdaq 100 with a 0.38% index weighting, saw its share price drop 3% in pre-market trading to around $320 per share, which is 40% below its record high from November 21.
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