MicroStrategy has acquired an additional 15,350 bitcoin (BTC) using $1.5 billion raised from share sales, bringing its total holdings to 439,000 BTC at an average cost of $61,725 per coin. However, this purchase did not boost the company's share price significantly, and shareholders are growing impatient with MicroStrategy's downside volatility. CEO Michael Saylor has been selling shares at prevailing market prices to acquire more BTC, a strategy that some shareholders are becoming weary of. Despite this, the company has historically accreted BTC on a dilution-adjusted, per-share basis. Additionally, MicroStrategy has received approval to join the Nasdaq-100 index and will benefit from a FASB rule change allowing it to report gains on unsold BTC from January 1.



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