MicroStrategy’s Latest Bitcoin Acquisition
MicroStrategy has once again made a significant Bitcoin purchase, acquiring 5,262 BTC for $561 million despite market fluctuations.
Key Details of the Acquisition
- The purchase price averaged $106,662 per Bitcoin.
- This marks the seventh week of acquisitions, increasing the company’s total Bitcoin holdings to over 444,000 BTC.
- MicroStrategy’s cumulative investment now stands at $27.7 billion, with an average purchase price of $62,257 per Bitcoin.
- The firm’s Bitcoin investments have yielded impressive returns, with quarterly BTC yields at 47.4% and annual gains reaching 73.4%.
Market Performance and Nasdaq 100 Inclusion
Despite the recent acquisition, MicroStrategy’s MSTR shares have seen a 3.08% decrease, currently priced at $353. The stock will be added to the Nasdaq 100 stock index on Dec. 23.
New Additions to the Board
MicroStrategy recently expanded its board by adding three new members, bringing the total board size to nine.
Introducing the New Board Members
- Brian Brooks: A prominent figure in the crypto space, Brooks has held key positions at major crypto firms like Binance.US and Coinbase. He also served as the Acting Comptroller of the Currency under President Donald Trump.
- Jane Dietze: Currently the Chief Investment Officer at Brown University, Dietze also has board experience with Galaxy Digital.
- Gregg Winiarski: With expertise in the sports collectibles and apparel industry, Winiarski is the Chief Legal Officer at Fanatics, a global digital sports platform.
