#SaylorBTCPurchase

Michael Saylor's MicroStrategy has been actively accumulating Bitcoin, with recent purchases indicating a strong bullish stance on the cryptocurrency. Here are the key details :

- *Recent Purchase*: MicroStrategy acquired 6,556 Bitcoin for $555.8 million between April 14-20, at an average price of $84,785 per coin. This brings their total holdings to 538,200 BTC, valued at approximately $45 billion.

- *Funding*: The latest purchase was funded through proceeds from Common ATM and STRK ATM stock offerings, including the sale of 1,755,000 MicroStrategy shares for $547.7 million and 91,213 shares of Series A preferred stock for $7.8 million.

- *Average Purchase Price*: MicroStrategy's average purchase price for its Bitcoin holdings is $67,766 per BTC, with a total cost of $36.5 billion.

- *Institutional Exposure*: Over 13,000 institutions and 814,000 retail accounts hold MicroStrategy shares directly, with an estimated 55 million beneficiaries having indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios.

- *Market Impact*: MicroStrategy's growing popularity among retail and institutional investors is significant, as it siphons capital from traditional financial markets and into Bitcoin, potentially increasing the price of the supply-capped digital asset.

It's worth noting that MicroStrategy's Bitcoin acquisitions have been a key driver of its stock performance, with the company's shares surging over 25% on its Bitcoin investment, amounting to over $9 billion in unrealized gains .