MicroStrategy has made another significant purchase of Bitcoin, acquiring an additional 5,262 BTC valued at $561 million. This marks the seventh consecutive week of purchases as the company prepares for its inclusion in the Nasdaq-100 index.

To fund this acquisition, MicroStrategy sold 1,317,841 shares of its stock, generating approximately $561 million in net proceeds. As of December 22, 2024, the company now holds around 444,000 BTC, which represents over 2% of Bitcoin's total supply.

MicroStrategy's stock has experienced an impressive year, with a 476% increase year-to-date, making it one of the top performers on Nasdaq in 2023. This outstanding performance has qualified MicroStrategy for inclusion in the Nasdaq-100 index, effective today. The annual reconstitution of the index, announced on December 13, also includes Palantir Technologies and Axon Enterprise. Following the announcement, MicroStrategy's stock price rose 11.5% to close at $364, reflecting positive market sentiment.