Strategy Acquires Another 4.020 Bitcoins For $427M, Total Now Above 580.000 Btc

Strategy Behind MicroStrategy's Bitcoin Acquisition

MicroStrategy (MSTR) recently further increased its Bitcoin holdings with the purchase of 4.020 BTC, worth approximately $427 million. This brings the company’s total bitcoin holdings to an impressive 580.250 BTC. This purchase was funded through three ongoing equity programs, also known as at-the-market (ATM) equity programs.

Financing through share sales

Between May 19 and May 25, MicroStrategy sold 847.000 shares of its common stock (MSTR), resulting in proceeds of $348,7 million. In addition, the company sold 678.970 shares of STRK preferred stock and 104.423 shares of STRF preferred stock, for $67,9 million and $10,4 million, respectively. These offerings, with a combined capacity of nearly $45 billion, are part of MicroStrategy's long-term strategy to bitcoin to build.

A continuous accumulation strategy

With an average purchase price of $106.237 per bitcoin in this latest tranche, MicroStrategy’s total investment in bitcoin now stands at approximately $40,61 billion, with an average purchase amount of $69.979 per bitcoin. These figures underscore the company’s serious commitment to cryptocurrencies and its belief in their future value.

MicroStrategy’s strategy is not just a commercial venture, but also a vote of confidence in the growth of the bitcoin market. The decision to issue equity and invest the proceeds in bitcoin reflects an innovative approach to capital investment in a rapidly changing financial landscape.

Closing note

MicroStrategy’s recent bitcoin acquisition not only underscores their determination to further expand their crypto portfolio, but also the evolution of institutional interest in the crypto space. It illustrates a broader trend of companies embracing the value of digital assets as a key component of their financial strategies.

Frequently Asked Questions

What is the total amount of bitcoin that MicroStrategy owns?
MicroStrategy currently holds a total of 580.250 BTC.

How did MicroStrategy finance its recent bitcoin purchase?
The recent bitcoin purchase was funded through three ongoing at-the-market equity programs, which generated funds through the sale of shares.

What is the average bitcoin purchase price for MicroStrategy?
The average Bitcoin purchase price for MicroStrategy is now around $69.979 per BTC, with a recent average purchase of $106.237 per BTC.