#SaylorBTCPurchase MicroStrategy Buys Another $555M of Bitcoin, Total Holdings Reach 538,200 BTC
MicroStrategy, led by Michael Saylor, continues to make big moves in the Bitcoin space. With its latest purchase, the company now holds a total of 538,200 BTC. This brings its total investment in Bitcoin to $36.47 billion, making it still the largest corporate holder of Bitcoin.
Between April 14 and April 20, the company sold 1.76 million shares of its Class A common stock and 91,000 shares of a preferred stock series. The funds raised from the sales are as follows:
• Common Stock: $547.7 million
• Preferred Stock: $7.8 million
MicroStrategy purchased these additional Bitcoins at an average price of $67,766 per coin, while the price of BTC has risen to $87,300. As a result, MSTR shares saw a 2.77% increase in pre-market trading.
This acquisition highlights the company’s unwavering commitment to its Bitcoin strategy, further reinforcing its position in the market. For MicroStrategy, Bitcoin is not just an investment — it’s a long-term play to capitalize on its potential.
MicroStrategy’s Bitcoin Holdings:
• Total BTC: 538,200
• Total Investment: $36.47 billion
• Average Purchase Price: $67,766
With Bitcoin prices climbing, MSTR shares are on the rise, and institutional interest in Bitcoin remains strong. MicroStrategy’s Bitcoin strategy is gaining more attention and solidifying its position as a major player in the space.