MicroStrategy continues to increase its position in Bitcoin, with total value reaching approximately $45 billion
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2024-12-16 22:02 8,280
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Golden Finance reported that MicroStrategy purchased another $1.5 billion worth of Bitcoin by selling shares. This is the sixth consecutive week that the company has announced purchases of Bitcoin. It currently owns approximately $45 billion worth of Bitcoin. On Friday, MicroStrategy announced that it would be included in the Nasdaq 100 Index on December 23. The decision to include the company in the Nasdaq 100 marks the institutional recognition of its controversial founder, Michael Thaler. According to documents disclosed by the U.S. Securities and Exchange Commission (SEC) on Monday, from December 9 to December 15, MicroStrategy acquired 15,350 Bitcoins at an average price of approximately $100,386. As the company accelerates its purchases of Bitcoin, its stock price has risen more than 500% this year. MicroStrategy aims to raise $42 billion over the next three years by selling shares on the market and issuing convertible debt, which will be used to buy more Bitcoin.