MicroStrategy added 4,020 BTC using $427M raised via equity sales, raising its total holdings to 580,250 BTC worth over $ 40 B.
Bitcoin’s MVRV ratio at 2.4 suggests more upside potential, far below the 4.5+ levels that marked prior market cycle tops.
Whale longs and sharp short positions near $110K hint at major volatility as bulls eye $115K and bears risk $8.5B in liquidations.
MicroStrategy has acquired 4,020 BTC worth $427.1 million between May 19 and May 25, 2025, funded entirely through equity sales. This strategic move brings its total holdings to 580,250 BTC, reaffirming its position as the largest corporate Bitcoin holder worldwide.
Equity-Funded BTC Purchase Lifts Holdings to $40.61 Billion
In a post by Michael Saylor on X, the company announced it used proceeds from three ongoing at-the-market equity offerings to complete the purchase. “We acquired 4,020 BTC for $427.1 million, all via capital raised,” he stated, confirming that no operational funds or debt were used in the transaction. This aligns with Strategy™’s Bitcoin-first treasury strategy supported by software and capital markets.
https://twitter.com/saylor/status/1926972171349373129
The Common ATM offering raised $348.7 million by issuing 847,000 MSTR shares, while the STRK ATM added $67.9 million through 678,970 preferred shares at 8.00%. The recently launched STRF ATM raised $10.4 million from 104,423 preferred shares at 10.00%, completing the funding round.
The firm’s total BTC stash now holds a blended cost basis of $69,979 per coin, totaling $40.61 billion in acquisition costs. MicroStrategy confirmed remaining ATM issuance availability of $18.63B under Common, $20.72B under STRK, and $2.09B under STRF, setting up more room for accumulation in a bullish market.
Bitcoin MVRV Ratio Signals Pre-Peak Phase
According to Mister Crypto, Bitcoin’s MVRV ratio remains at 2.4 despite new all-time highs, reflecting higher transaction prices and rising realized cap. Previous cycles in 2013, 2017, and 2021 showed MVRV peaks above 4.5 before major corrections. The current level suggests Bitcoin may still be in an early expansion or breakout phase.
This reading contrasts with prior market tops and supports the notion of an ongoing bull cycle in 2025. Historical MVRV lows near 1.0 in 2011, 2015, and 2019 often preceded prolonged accumulation phases and marked bottom formations before new highs.
Whales and Short Sellers Brace for Price Swings
Kratos Harmony reported that whale JamesWynnReal entered a 40x leveraged BTC long worth $645 million at $110,081.70. This position, only marginally above breakeven, exposes the trader to extreme volatility near the current price of $110,005. The same wallet also holds a $19.95 million kPEPE-USD long using 10x leverage.
In contrast, Whalewatchperps highlighted two major short positions opened on Hyperliquid. One trader shorted $1.98 million of BTC at $109,592.10, while another bet $1.33 million at $109,587.00, with liquidation zones above $318,000. The battle between long and short traders adds fuel to expected near-term volatility.
Analysts on X point to seven consecutive green weekly candles, with Eric Trump predicting “explosive growth” above $115K. A $444,000 target is circulating among bulls, while $8.5 billion in shorts hang at risk of liquidation. MicroStrategy reports a 16.8% year-to-date BTC yield.
The post MicroStrategy Buys 4,020 BTC With Equity, Hits $40.61B in Holdings as MVRV Holds 2.4 appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
