The acquisition, which took place shortly before Christmas, is the company's third Bitcoin purchase this month alone and comes amid speculation that buying activity may slow in January due to MicroStrategy's recent inclusion in the NASDAQ-100 index.
Enterprise software company MicroStrategy (NASDAQ:MSTR) has disclosed its latest Bitcoin (BTC) purchase, revealing the acquisition of 5,262 BTC for an average price of about $106,662 per coin. This latest move brings the total Bitcoin holdings of MicroStrategy to 444,262 BTC, acquired at a combined cost of $27.7 billion. The firm’s overall average purchase price now stands at approximately $62,257 per BTC.
Despite Bitcoin trading at historic highs throughout December, the Virginia-based company has shown little hesitation in ramping up its position. Last week, MicroStrategy revealed a separate purchase worth $1.5 billion at an average cost of $100,386 per BTC. In total, the company has now made three major Bitcoin acquisitions in December.
Highlighting the strong returns generated by this investment strategy, Saylor noted that MicroStrategy achieved a 47.4% yield on its Bitcoin holdings quarter-to-date (QTD) and a 73.7% year-to-date (YTD) return. However, the price of Bitcoin has since experienced a pullback of around 11-12%, and MicroStrategy’s stock has also reflected this volatility, dipping by over 15% from its recent peak.
A significant development for MicroStrategy this month was its addition to the NASDAQ-100, an elite index comprising the top 100 non-financial companies listed on the NASDAQ stock exchange. While this listing may attract new institutional and retail shareholders, it has also fueled rumors that MicroStrategy could pause Bitcoin purchases in January. Some market observers suggest the company might implement a self-imposed blackout period ahead of upcoming quarterly earnings reports. During such times, many publicly listed firms avoid major strategic moves that could be interpreted as insider-driven activities.
However, there is no official confirmation from MicroStrategy regarding a formal pause in its acquisition strategy. Saylor himself has repeatedly emphasized his long-term bullish outlook on Bitcoin, and the firm has continued to use innovative financing methods—such as convertible bond offerings and equity sales—to fund purchases of the cryptocurrency.
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