MicroStrategy, the dominant holder of Bitcoin among publicly listed companies in the United States, announced on July 14 that from July 7 to 13, within just one week, MicroStrategy purchased 4,225 Bitcoins at an average price of $111,827, spending $472.5 million. This pushed its total holdings to 601,550 Bitcoins, accounting for approximately 2.86% of the Bitcoin circulating supply.
Diverse financing creates a Bitcoin flywheel
According to documents submitted by MicroStrategy to the SEC, the funds for this Bitcoin purchase still come from its multi-faceted financing model, which includes issuing stocks, preferred stocks, and convertible bonds at market price (ATM).
After this increase in holdings, MicroStrategy's ATM plan still has approximately $44.2 billion in capacity available for raising funds to increase Bitcoin holdings.
Unrealized profit of $30 billion
According to the MicroStrategy official website, as Bitcoin prices have recently reached new highs multiple times, the value of MicroStrategy's Bitcoin holdings has reached approximately $72.6 billion, with a total purchase cost of about $42.8 billion, resulting in an unrealized profit approaching $30 billion.
MSTR market value surges to $120 billion
The large holdings have also brought MicroStrategy a high leverage effect. According to Google Finance, MicroStrategy's current stock price (MSTR) has reached $451 in after-hours trading, having increased by 30% in the past six months, bringing the market value to $126.9 billion.
