Share this article
MicroStrategy Buys a Further 2,138 BTC, Adding to Stash for 8th Consecutive Week
The purchase takes MicroStrategy's total bitcoin holdings to 446,400 BTC.
Updated Dec 30, 2024, 4:34 p.m. Published Dec 30, 2024, 1:07 p.m.
What to know:
- MicroStrategy increased its bitcoin holdings for an eighth consecutive week.
- The purchase was funded through share sales under the company's ATM program.
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR)
MicroStrategy, the self-described bitcoin development company, increased its holdings of the largest cryptocurrency for the eighth consecutive week.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The company, which already holds more bitcoin than any other publicly traded company, bought another 2,138 BTC for $209 million in the week ended Dec. 29, bringing its total holdings to 446,400 BTC.
Once again, Executive Chairman Michael Saylor teased the announcement on Sunday in a post on X. The average purchase price of bitcoin was $97,837, which raised the average purchase price to $62,428.
The purchase was funded through share sales under the company's at-the-market (ATM) program, for which they have $6.88 billion left on the ATM program.
MicroStrategy joined the Nasdaq 100 last week and currently ranks 57 with an index weighting of 0.38%.
The share price is currently 40% below the record high it hit Nov. 21. It is down 3% in pre-market trading, taking it to around $320 per share.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
