Bitcoin development firm MicroStrategy (MSTR) added to its mega Bitcoin (BTC) holdings last week with the purchase of another 21,550 tokens.
The purchases were made over the course of the week at an average price of $98,783 each, totaling $2.1 billion.
The company now has an additional $9.19 billion in its existing $21 billion public offering.
The latest purchase brings its BTC holdings to 423,650, worth nearly $42 billion at current prices. This gives MicroStrategy executive Michael Saylor a holding of more than 2% of the 21 million Bitcoins in existence.
The purchases were driven by the crypto giant’s price surging past $100,000 for the first time in history last week as investors, especially in the United States, flocked to the asset following Donald Trump’s victory.
According to Farside Investors, the US spot bitcoin ETF saw massive inflows of $2.73 billion in new funds last week.
However, MicroStrategy's market value fell 1% to $395 in trading alongside a modest drop in Bitcoin's price to $99,000.
In addition, Riot Platforms (ROIT) said in a statement Monday that its $500 million exchange-traded note offering could be used to buy Bitcoin.
