To The Moon

MicroStrategy, an intelligence firm, has made another significant move by purchasing 15,350 bitcoins.As per the post on X, the company added 15,350 Bitcoin more to its bag, spending about $1.5 billion, at an average price of about roughly $100,386 per Bitcoin.With this acquisition, MicroStrategy’s total Bitcoin holdings now stand at 439,000 BTC, acquired for a total of approximately $27.1 billion at an average price of about $61,725 per Bitcoin.The company’s Bitcoin investments have seen impressive returns. For this quarter , the yield on their Bitcoin holdings is 46.4%, while the yield for the year-to-date stands at 72.4%.Also Read: MicroStrategy Joins Nasdaq-100, Bringing Bitcoin to Billions

MicroStrategy stock could surge even higher in the coming weeks, depending on whether the Nasdaq 100 stock index classifies it as a software developer or a financials business, a leading crypto analyst has said.The Virginia headquartered company could receive a major boost if it is included in the Nasdaq 100 index in a shakeup of the stock market index on Friday, FundStrat's head of digital asset strategy Sean Farrell said in a talk.MicroStrategy has already seen its stock price increase by 500% in 2024 on the back of a major surge in Bitcoin's value this year that has driven sharp increases in the value of the software developer's stockpile of more than 400,000 Bitcoins.MicroStrategy's inclusion on the Nasdaq 100 would see the stock boosted by capital from the $550 billion in assets under management from ETFs that track the stock market index in what could lead to an "electric" period for the stock, Farrell said.