The American software company Strategy has again invested heavily in Bitcoin. Last Monday I received confirmation that the company had 7.390 BTC purchased, worth approximately $764,9 million. The average price of these Bitcoins was $103.498 each.
With this new purchase, MicroStrategy’s total Bitcoin supply has increased to 576.230 BTC. At the current market price of around $103.000, this is worth around $59 billion. The average purchase price of all Bitcoins held by the company now stands at $69.726 per BTC.
This massive investment was made possible through an at-the-market (ATM) issuance of Class A common stock combined with the issuance of Series A STRK preferred stock. From May 12 to May 18, the company raised $705,7 million through the sale of common stock and also issued 621.555 STRK shares.
Notably, despite the positive news about increased Bitcoin supply, MSTR stock fell more than 1% in pre-market trading on Monday morning. Bitcoin itself is currently hovering around $103.000. This move further confirms that MicroStrategy remains the largest publicly traded holder of Bitcoin in the world, a title it proudly wears.
Frequently Asked Questions
What is the value of MicroStrategy's total Bitcoin supply?
The total value of MicroStrategy's Bitcoin supply is approximately $59 billion, based on the current market price of around $103.000 per BTC.
How did MicroStrategy finance this recent Bitcoin purchase?
The acquisition was financed through a combination of an equity offering and preferred stock issuance, raising a total of $705,7 million for the company.
How did the market react to the news of the new acquisition?
Despite the positive developments surrounding the Bitcoin gains, MSTR stock fell more than 1% in pre-market trading.