MicroStrategy expands Bitcoin holdings, funded largely via equity issuance, despite steep stock decline

MicroStrategy acquired 10,624 BTC in December for $962.7 million at an average price of $90,615 per coin, bringing its total holdings to 660,624 BTC with an aggregate acquisition cost of $74,696 per BTC. The December tranche is the largest in Q4, exceeding a Nov. 17 purchase of 8,178 BTC and much larger than earlier weekly buys. Bitcoin traded just below $92,000 and MicroStrategy (MSTR) stock rose about 3% pre-market after the disclosure.
AI Analysis
Firm disclosed a large, concrete purchase (10,624 BTC for $962.7M) that increases its total holdings to 660,624 BTC (avg cost $74,696); the buy was the largest Q4 tranche and MSTR stock rose ~3% pre-market while BTC traded just under $92,000.
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