The company spends $561 million on Bitcoin, bringing its average cost to $62K.
It prepares to join Nasdaq 100 on December 23, offering Bitcoin exposure to investors.
MicroStrategy, the largest corporate holder of Bitcoin, has
acquired an additional 5,262 BTC, spending $561 million at an average price of
$106,662 per Bitcoin. This purchase brings the company’s total holdings to
444,262 BTC, with an average cost of $62,257 per Bitcoin. The announcement
coincides with Bitcoin approaching a critical support level at $92K.
MicroStrategy is set to join the Nasdaq 100 index on
December 23, 2024. This inclusion will position the company among the top 100
firms on the Nasdaq, providing indirect Bitcoin exposure to investors in the
Invesco QQQ Trust, an ETF managing $322 billion in assets.
BTCUSD Corrects After $108K High, $92K Support Level in
Focus
BTCUSD, Daily Chart, Source: TradingView
BTCUSD has been undergoing a bearish correction on the daily
chart. After
reaching a high of $108K, it has been moving south with strong momentum.
However, the $92,000 level appears to be a potential support. The price has
reacted at this level multiple times before, and last week, it formed a bullish
Pin Bar on the daily chart. These factors make this level an important one to
watch.
MicroStrategy Appoints New Bitcoin-Focused Board
The company has also made leadership changes. New board
members include Brian Brooks, former CEO of Binance.US and US Comptroller of
the Currency; Jane Dietze, a board member at Galaxy Digital; and Gregg
Winiarski from Fanatics Holdings. These additions signal the company’s focus on
Bitcoin.
Michael Saylor, co-founder and outspoken Bitcoin advocate,
has reaffirmed his belief in buying Bitcoin at peak prices throughout its life
cycle.
With a $92
billion market capitalization, MicroStrategy's stock is trading at a premium
relative to its Bitcoin net asset value, which has raised concerns among
investors.
MicroStrategy, the largest corporate holder of Bitcoin, has
acquired an additional 5,262 BTC, spending $561 million at an average price of
$106,662 per Bitcoin. This purchase brings the company’s total holdings to
444,262 BTC, with an average cost of $62,257 per Bitcoin. The announcement
coincides with Bitcoin approaching a critical support level at $92K.
MicroStrategy is set to join the Nasdaq 100 index on
December 23, 2024. This inclusion will position the company among the top 100
firms on the Nasdaq, providing indirect Bitcoin exposure to investors in the
Invesco QQQ Trust, an ETF managing $322 billion in assets.
BTCUSD Corrects After $108K High, $92K Support Level in
Focus
BTCUSD, Daily Chart, Source: TradingView
BTCUSD has been undergoing a bearish correction on the daily
chart. After
reaching a high of $108K, it has been moving south with strong momentum.
However, the $92,000 level appears to be a potential support. The price has
reacted at this level multiple times before, and last week, it formed a bullish
Pin Bar on the daily chart. These factors make this level an important one to
watch.
MicroStrategy Appoints New Bitcoin-Focused Board
The company has also made leadership changes. New board
members include Brian Brooks, former CEO of Binance.US and US Comptroller of
the Currency; Jane Dietze, a board member at Galaxy Digital; and Gregg
Winiarski from Fanatics Holdings. These additions signal the company’s focus on
Bitcoin.
Michael Saylor, co-founder and outspoken Bitcoin advocate,
has reaffirmed his belief in buying Bitcoin at peak prices throughout its life
cycle.
With a $92
billion market capitalization, MicroStrategy's stock is trading at a premium
relative to its Bitcoin net asset value, which has raised concerns among
investors.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Inside the Prediction Markets: $1.6B Institutional Inflow Meets a Federal Crackdown
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
