MicroStrategy, a software company that invests heavily in Bitcoin, is holding a shareholder meeting on December 24 to vote on two proposals to increase its $42 billion investment.
Microstrategy has added another 5,262 BTC to its growing collection. This brings the company’s total Bitcoin holdings to 444,262 BTC, which is worth around $42.2 billion at current market prices.
The company acquired these new Bitcoins for an average of $106,622. This is the seventh consecutive week that MicroStrategy has purchased Bitcoins. The purchase will be financed by selling some shares under the “at-the-market” program. The program still has $7.08 billion available for additional purchases.
In a similar development, MicroStrategy shares have just been added to the elite Nasdaq 100 index. Such a move appeared to have no impact on the stock price, which remained around $364.2 per share before the market opened.
On the same day, MicroStrategy…
