The company, the largest corporate holder of the cryptocurrency, continued a string of weekly purchases that began in early November.

MicroStrategy’s stock falls after the sale of $561 million worth of shares was used to buy bitcoin at more than $106,000 each.

MicroStrategy Inc., which is set to enter the Nasdaq 100 Index on Monday, announced it had purchased an additional $561 million of Bitcoin at an average price near last week’s record high.

MicroStrategy (MSTR) added to its Bitcoin hoard for a seventh straight week, fortifying its position as the biggest corporate holder of BTC.

MicroStrategy announced another Bitcoin purchase on December 23 at an average price of $106,662. This signals a buy at BTC’s price local top.

MicroStrategy has increased its Bitcoin holdings by purchasing 5,262 BTC for $561 million. This purchase brings the company’s total Bitcoin holdings to 444,262,

Bitcoin broke another price record, rising above $107,000 Monday, after crossing $106,000 in late trading Sunday. Meanwhile, MicroStrategy, which calls itself a bitcoin treasury company, announced yet another $1.

MicroStrategy (NASDAQ:MSTR) acquired 5,262 bitcoin (BTC-USD) for a total of $561M for the week ended Dec. 22, the company disclosed on Monday, marking its seventh consecutive weekly bitcoin purchase.

MicroStrategy Incorporated (NASDAQ:MSTR) said on Monday it acquired 5,262 bitcoins at an average price of $106,662 each, using proceeds from the sale of 1.32 million shares, which raised $561 million.

MicroStrategy (MSTR) is on a tear, blowing past nearly every other stock in the U.S. with a 480% surge this year, thanks to one relentless strategy: buying Bitcoin like there’s no tomorrow. The company has turned its balance sheet into a fortress of digital gold,