MicroStrategy amps up its crypto war chest with 6,556 more BTCâbringing its total stash to a staggering 538,200 coins
Michael Saylorâs brainchild, MicroStrategy (now simply âStrategyâ), isnât slowing down in its all-in Bitcoin play! Between April 14 and April 20, the firm snapped up 6,556 BTC for roughly $555.8 million, paying an average of $84,785 per coin. That haul lifts Strategyâs cumulative holdings to 538,200 BTC, with an allâin cost basis of about $67,766 per bitcoinâtotaling nearly $36.5 billion spent so far. đŻđ°
This marks the second consecutive week of major buys, following a 3,460Â BTC purchase two weeks ago. Even as Bitcoinâs price has mostly treaded water in recent months, Strategy has already pocketed a 12Â % return yearâtoâdate, underlining the firmâs conviction that BTC remains its crown jewel. đ
Not flying solo, other big players like Metaplanet (330Â BTC for ~$28Â M) and Japanâs ANAP (a cool $70Â M purchase) are also shoring up their Bitcoin bags, signaling broader institutional gravitation toward crypto. Meanwhile, MicroStrategyâs stock (MSTR) jumped nearly 3Â % in afterâhours tradingâclimbing from $317 to about $325âas traders cheer the fresh BTC haul. đ
Of course, not everyoneâs all-in on the rally. Crypto analyst Kevin Capital warns that Bitcoin needs to break above $89,000 to cement a true uptrendâotherwise, he advises caution. For now, with BTC hovering near $87,600, Saylorâs crew is doubling down on its strategy, even plotting to raise $20 billion via new share issuances to fund future buys. Stay tunedâthis saga is far from over! đ˘
đ Key Highlights
6,556Â BTC acquired in midâApril for $555.8Â M (avg. $84,785/coin)
538,200Â BTC total holdings, $36.47Â B invested (avg. $67,766/coin)
12Â % YTD return on Bitcoin stash
Plans to raise $20Â B in fresh equity for more BTC buys
MSTR shares up 3Â % to ~$325 postâannouncement
BTC price near $87,600; key resistance at $89K per analysts
đ Emotions & Emojis
đ Excitement: Riding the rocket as Strategy piles in!
đ¤ Anticipation: Will BTC clear $89K to validate the uptrend?
đŞ Confidence: Saylorâs team doubling down on its proven playbook.
â ď¸ Caution: Remember Kevin Capitalâs warning before chasing highs.
đ Hashtags
#Bitcoin #MicroStrategy #CryptoNews #BTC #Investing #MichaelSaylor #CryptoStrategy
đŁ Call to Action
Whatâs your take on MicroStrategyâs megaâbuy? Are you piling into BTC, or waiting on that $89K breakout? Drop your thoughts and letâs discuss! đ