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MicroStrategy buys another 5,262 BTC before joining Nasdaq-100
MicroStrategy announced today that it has acquired an additional 5,262 Bitcoin worth $561 million between December 16 and 22. This latest purchase marks the company’s seventh consecutive week of Bitcoin purchases ahead of its inclusion in the Nasdaq-100 index.
According to a Monday SEC filing, MicroStrategy funded this latest acquisition by selling 1,317,841 shares of its own stock, generating approximately $561 million in net proceeds.
Source: cryptobriefing.com
