Business intelligence firm MicroStrategy (MSTR) has further expanded its Bitcoin treasury, acquiring 15,355 BTC over the past week at an average price of $92,737 per coin, according to a Monday regulatory filing. The $1.42 billion purchase brings the company's total Bitcoin holdings to 553,555 $BTC – currently valued at over $52 billion based on Bitcoin's market price above $95,000.
Key Details:
- Average Acquisition Cost: $64,459 per BTC across all holdings
- Funding Source: Proceeds from recent stock offerings, including:
- $4 million in Class A common stock sales (April 21-27)
- 435,000+ shares of Series STRK preferred stock
- Remaining ATM Program Funds: Just $128.7 million left (0.6% of original $21 billion offering)
Market Reaction:
- MSTR Shares: +1.5% in pre-market trading
- Bitcoin Price: Modest uptick since Friday
MicroStrategy continues to lead corporate Bitcoin adoption, with its latest purchase reinforcing its position as the largest publicly traded holder of the cryptocurrency.