MicroStrategy Adds 1,895 Bitcoin, Lifting Holdings to Over 555,000 BTC

MicroStrategy (MSTR), under the leadership of Executive Chairman Michael Saylor, has expanded its already massive $BTC holdings with the purchase of an additional 1,895 BTC for $180.3 million, according to a Monday morning SEC filing.

The latest acquisition was funded through the sale of $128.5 million in common stock and $51.8 million in #strk preferred stock. Notably, this transaction marked the completion of MicroStrategy’s 2024 $21 billion at-the-market (ATM) equity offering. The company also launched a new $21 billion #ATM offering last week.

With this purchase, MicroStrategy now holds 555,450 bitcoin, acquired for a total of $38.08 billion—an average purchase price of $68,550 per BTC. The newest tranche was bought at an average of $95,167 per coin.

At Bitcoin's current market price near $94,000, the value of MicroStrategy's holdings has surged past $52 billion. Despite the news, shares of MSTR are down 2.7% in premarket trading.

MicroStrategy continues to cement its role as the largest corporate holder of Bitcoin, doubling down on Saylor's long-term conviction in the cryptocurrency as a superior store of value.