MicroStrategy bought Bitcoin at a record price.

MicroStrategy's corporate Bitcoin investments are opening the doors to a new era in the cryptocurrency market. The company's total assets of $27.1 billion, with an average cost of $61,725 per Bitcoin, are increasing corporate interest. MicroStrategy's market value of $92 billion is trading at a significant premium compared to the net asset value of Bitcoin. The company, which has made $17.5 billion in Bitcoin purchases over the last six weeks, is preparing to enter the Nasdaq 100 index.

MicroStrategy Increased Bitcoin Assets to $45 Billion

MicroStrategy's aggressive Bitcoin acquisition strategy continues to impact the markets. The company has announced plans for a new initiative with a target of raising $42 billion in capital.

Bernstein analysts assess that MicroStrategy's Bitcoin acquisition strategy is sustainable in the long term. The company's 18% leverage ratio provides the opportunity to issue more debt and sell shares.

MicroStrategy's shares, which will be included in the Nasdaq 100 index on December 23, have gained over 490% in value since the beginning of the year. Analyst James Seyffart expects at least $2.1 billion in net stock purchases following the inclusion in the index.