MicroStrategy has continued its aggressive Bitcoin acquisition strategy, purchasing an additional 2,138 BTC for $209 million, bringing its total holdings to 446,400 BTC.

This purchase, made on December 29, marked the eighth consecutive week of Bitcoin purchases, further solidifying the company’s position as the largest Bitcoin holder among publicly traded companies.

Expanding Bitcoin Holdings

MicroStrategy’s Bitcoin purchases have attracted attention in the financial world, not just because of their volume but also because of the consistent strategy behind them.

The company reportedly funded this recent purchase through its ongoing at-the-market (ATM) program, which allows it to sell shares to raise funds. MicroStrategy reportedly still has $6.88 billion available under this program. After the additional 2,138 BTC, Michael Saylor, the Executive Chairman and Co-Founder of MicroStrategy, posted on X: “Disconcerting blue lines on SaylorTracker.com.”