MicroStrategy (MSTR) has once again expanded its massive Bitcoin holdings.
Earlier this Monday, it announced the acquisition of an additional 1,229 BTC for approximately $108.8 million.
The purchase was executed at an average price of $88,568 per BTC.
Cost basis creeping higher
MicroStrategy’s accumulation remains relentless, but the cost of maintaining that velocity is rising.
The average purchase price across all holdings is now approximately $74,997 per bitcoin. It is sitting just three dollars shy of the psychological $75,000 mark.
December purchases
Strategy deployed the vast majority of its capital early in the month.
During Dec. 1–7, it purchased 15,401 BTC at an average of $92,965. This was followed up with a purchase of 13,048 BTC at an average of $96,968 that was announced a week later.
Its activity dropped significantly in the second half of the month. Zero purchases recorded were announced between Dec. 15 and Dec. 21.
Alex Dovbnya
Tomiwabold Olajide
Godfrey Benjamin
Arman Shirinyan