MicroStrategy Adds 2,138 BTC to Its Holdings, Marking the 8th Consecutive Week of Bitcoin Purchases.

MicroStrategy, the self-styled bitcoin (BTC) development company, has once again expanded its cryptocurrency holdings for the eighth week in a row. The company purchased an additional 2,138 BTC for $209 million during the week ending December 29, bringing its total bitcoin holdings to an impressive 446,400 BTC.

Executive Chairman Michael Saylor teased the news on Sunday via a post on X. The average price of the latest bitcoin acquisition was $97,837, pushing the company’s overall average purchase price to $62,428 per bitcoin.

This latest acquisition was financed through share sales under the company’s at-the-market (ATM) program, which still has $6.88 billion available for future purchases.

In other news, MicroStrategy was added to the Nasdaq 100 last week, ranking 57th with a 0.38% weighting in the index.

However, despite these developments, MicroStrategy’s stock is currently trading 40% below its all-time high of $533, reached on November 21. The stock has also seen a 3% dip in pre-market trading, bringing it to about $320 per share.