MicroStrategy, a leading business intelligence firm, has recently expanded its Bitcoin portfolio by acquiring an additional 13,390 BTC, investing approximately $1.34 billion at an average price of $99,856 per Bitcoin. This move was funded through the sale of its Class A common stock and preferred stock series shares, raising $1.31 billion in total. With this latest purchase, MicroStrategy now holds around 568,840 Bitcoins, making it one of the largest corporate holders of Bitcoin globally.
The company’s average acquisition cost for its entire Bitcoin stash has adjusted to about $69,287 per coin, reflecting its long-term commitment to the cryptocurrency despite market fluctuations. MicroStrategy’s Bitcoin holdings are currently valued at roughly $59 billion, based on Bitcoin’s market price near $104,000.
This strategic accumulation aligns with MicroStrategy’s ongoing approach to leverage Bitcoin as a treasury reserve asset, a strategy championed by Executive Chairman Michael Saylor. Since its first Bitcoin purchase in 2020, MicroStrategy has consistently increased its holdings, signaling strong confidence in Bitcoin’s future value and utility.
The funding strategy involved two key capital-raising efforts: selling common stock at market prices and issuing shares from its preferred stock series (STRK, STRF). These moves not only provided the necessary capital for Bitcoin purchases but also demonstrated investor support for MicroStrategy’s crypto-focused vision.
MicroStrategy’s aggressive Bitcoin acquisition strategy continues to influence the broader crypto market, with its stock price reflecting investor optimism. Following the announcement, MicroStrategy’s shares rose by 2% in pre-market trading, underscoring market confidence in the company’s crypto strategy.
For those interested in tracking MicroStrategy’s Bitcoin journey, the company regularly updates its purchase history and holdings, providing transparency to investors and crypto enthusiasts alike.
