#SaylorBTCPurchase Michael Saylor's MicroStrategy recently made a significant Bitcoin purchase, adding 6,556 BTC to its holdings for approximately $555.8 million. This acquisition brings the company's total Bitcoin holdings to 538,200 BTC, valued at around $47 billion at current market prices.
Here are the key details of the purchase ¹ ²:
- *Average Price*: $84,785 per coin
- *Total Holdings*: 538,200 BTC
- *Total Cost*: $36.5 billion
- *Funding*: Proceeds from Common ATM and STRK ATM stock offerings, including the sale of 1,755,000 Strategy shares for $547.7 million and 91,213 shares of Series A preferred stock sold for $7.8 million
This purchase is part of MicroStrategy's ongoing strategy to accumulate Bitcoin, with a goal of holding $42 billion in Bitcoin by the end of 2027. The company's aggressive Bitcoin buying spree has positioned it to benefit from potential future price gains ².