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MicroStrategy buys 15,350 bitcoins in $1.5b purchase

MicroStrategy, a Virginia-based firm, has acquired US$1.5 billion in bitcoin through stock sales, marking its sixth consecutive week of purchases.

The company purchased 15,350 bitcoins from December 9 to December 15, with an average price of US$100,386 per unit. MicroStrategy now holds approximately US$45 billion in bitcoin.

This follows the announcement that MicroStrategy will join the Nasdaq 100 Index on December 23.

In 2024, MicroStrategy’s stock price has increased by over 500%, and it plans to raise US$42 billion over the next three years to fund more bitcoin acquisitions.

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