MicroStrategy disclosed $561 million Bitcoin Buying on Monday, the company's coffers were topped up using proceeds from the stock sale as the company's stock made its debut on the Nasdaq 100.

MicroStrategy sold 1.3 million shares over the past week, and said it used the proceeds to expand its bitcoin holdings by 5,200 BTC, according to the Securities and Exchange Commission. Deposit.

The self-described bitcoin development company now holds a trove of 444,262 bitcoins, worth $42 billion as of this writing. Since the Tysons, Virginia-based company began staking Bitcoin in 2020, it has become the world's largest holder of the asset and set a model that many other companies have begun to follow.

MicroStrategy's latest acquisition marks the seventh consecutive Monday that the company has indicated it has purchased Bitcoin, purchasing a total of 192,000 Bitcoin since November 11, according to The New York Times. Sailor Tracker. The value of this amount was estimated at approximately $18 billion, as of this writing.

While MicroStrategy has been holding Bitcoin for some time, Monday's announcement comes at a historic time for the company, which was founded in 1985. It includes the 100 largest non-financial companies listed on the Nasdaq stock index, such as Apple and Nvidia. MicroStrategy was added to the Nasdaq-100 earlier this month.

MicroStrategy shares officially began trading as part of the index on Monday.

Michael Saylor, co-founder and CEO of MicroStrategy, wrote on X (formerly known as Twitter) on Monday that the company's latest purchase was made at an average cost of about $106,600 per bitcoin. When the company embarked on a Bitcoin buying campaign after Election Day, the company began paying about $74,400 per Bitcoin.

MicroStrategy's inclusion in the index was widespread praised By Bitcoin enthusiasts, but Bloomberg ETF analyst James Seyphart previously said the stock's listing could have major implications. Earlier this month, he said books In a research note, this shift could lead to net buying of at least “$2.1 billion of stocks by ETFs.”

said Juan Leon, chief investment strategist at Bitwise Decryption Flows from both passive and active managers can increase MicroStrategy's trading volume, causing it to trade 20% to 40% on a given day.

“That will have a big impact on the price,” he said, assuming the stock could achieve a 50% or more rally on days with positive flows, now that it is included in the Nasdaq 100.

Bitcoin's price peaked at an all-time high of $108,000 last week but has since fallen to $93,700 following hawkish comments from the Federal Reserve. The US central bank adopts a cautious tone on inflation He said Interest rates will be cut at a slower pace in the new year.

When Bitcoin was hovering near its record price, Saylor compared Bitcoin to Manhattan real estate, addition That the company "will continue to buy the top portion forever."

Use Convertible notesThe company was able to effectively purchase Bitcoin with leverage. However, analysts note that MicroStrategy's strategy is not without risks, focusing on... Great premium Where MicroStrategy shares trade relative to its Bitcoin holdings.

As the price of Bitcoin fell below the $100,000 level, MicroStrategy's stock price also fell. Shortly after the opening bell on Monday, MicroStrategy shares were trading 6% lower at $342, marking a 17% decline over the past week.

Modified by Andrew Hayward

Editor's Note: This story was updated after publication to include analyst comment.