On the eve of joining the NASDAQ 100 Index, MicroStrategy, from December 9 to 15, repurchased Bitcoins worth 1.5 billion dollars through stock issuance.$Bitcoin (BTC.CC)$A total of 15,350 Bitcoins were acquired, with an average price of 0.100386 million dollars each. This marks the sixth consecutive Monday that MicroStrategy announced the purchase of Bitcoin, bringing its total Bitcoin holdings to approximately 45 billion dollars.
$MicroStrategy (MSTR.US)$ Through stock issuance, another purchase of Bitcoins worth 1.5 billion dollars was made.
On December 16, Monday, Eastern Time, documents submitted by the American software company MSTR to the U.S. Securities and Exchange Commission (SEC) revealed that MSTR purchased 0.01535 million Bitcoins at an average price of approximately 0.100386 million dollars each, through issuing stocks between December 9 and 15.
This marks the sixth consecutive Monday that MSTR has announced the purchase of this digital asset. So far, the total value of the Bitcoin held by MSTR has reached approximately 45 billion dollars.
It is worth mentioning that MicroStrategy's continuous increase in Bitcoin investments has not only attracted investor attention but also brought the company new honors. Last Saturday,$NASDAQ 100 Index (.NDX.US)$The annual constituent stock adjustment results have been announced, and MSTR has been included in the NASDAQ 100 Index, along with$Palantir (PLTR.US)$and $Axon Enterprise (AXON.US)$ becoming a new constituent stock. Meanwhile, $Illumina (ILMN.US)$ 、$Super Micro Computer (SMCI.US)$and $Moderna (MRNA.US)$ were removed from the index.
MSTR's inclusion marks the recognition of mainstream financial institutions and investors of its founder Michael Saylor's unconventional approach. Saylor is known for his disdain for Wall Street's traditional rules, and his bold measures to lead the company's transformation have received widespread attention.
MSTR's journey into Bitcoin investment began in August 2020 when, under Saylor's leadership, the company announced it had invested 0.25 billion dollars to purchase approximately 0.0214 million Bitcoins, becoming the first publicly traded company in the world to implement a Bitcoin asset strategy. This decision opened a new chapter in MSTR's transformation into a 'leveraged Bitcoin proxy.' Since then, MSTR has steadfastly increased its Hold Positions in Bitcoin and further boosted 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 prominent 'Bitcoin stocks' in the capital markets. Saylor has thus become a 'hero' in the eyes of Bitcoin bulls (investors who are bullish on Bitcoin).
Editor/rice
