MicroStrategy buys over 5,000 bitcoin for $561 million, bringing total holdings to 444,262 BTC

Bitcoin stockpiler MicroStrategy has acquired an additional 5,262 BTC for approximately $561 million, the company's co-founder and executive chairman Michael Saylor said in a post on X on Monday. The company paid an average price of $106,662 per bitcoin for the new BTC.

MicroStrategy now holds 444,262, which is currently worth over $40 billion, and has spent about $27.7 billion on the bitcoin it owns, Saylor added.

In October, MicroStrategy unveiled plans to raise $42 billion in capital to support further acquisitions of bitcoin as part of its treasury reserve strategy. As of Dec. 15, the company said it had approximately $7.65 billion worth of shares still available for sale as part of its planned $21 billion equity offering and $21 billion in fixed-income securities.

This is the seventh week in a row that MicroStrategy has said it acquired more bitcoin. Last week, the company had bought 15,350 BTC. Monday's announcement coincides with MicroStrategy joining the Nasdaq 100 index. With its inclusion, it's more likely that large exchange-traded funds will buy the stock.

Some investors are skeptical of MicroStrategy's premium to NAV valuation and its strategy of using equity and debt to fund buying bitcoin. The firm's software business was not profitable during the last reported quarter.