MicroStrategy’s Bitcoin holdings valued at over $45 billion

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ODAILY
12-16
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Odaily reports that MicroStrategy has purchased $1.5 billion worth of Bitcoin by selling stocks, marking the company's sixth consecutive week of Bitcoin purchases. Data shows that the value of Bitcoin held by the company has now exceeded $45 billion, reaching $45.61 billion. Last Friday, MicroStrategy announced that it will be included in the Nasdaq-100 index on December 23. The decision to include the company in the Nasdaq-100 index signifies institutional recognition of its controversial founder, Michael Saylor. According to a filing with the U.S. Securities and Exchange Commission (SEC) on Monday, from December 9 to December 15, MicroStrategy acquired 15,350 Dai at an average price of around $100,386. As the company accelerates its Bitcoin purchases, its stock price has surged over 500% this year. MicroStrategy's goal is to raise $42 billion in the next three years through the sale of stocks and the issuance of convertible bonds, which will be used to purchase more Dai.

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