MicroStrategy has once again strengthened its Bitcoin treasury, adding 850 BTC for $99.7 million last week. The purchase, made at an average price of $117,344 per coin, brings the company’s total holdings to a massive 639,825 BTC. This latest buy lifted MicroStrategy’s overall average purchase price to $73,971 per Bitcoin.
The acquisition was funded through the issuance of perpetual preferred stock and common stock at-the-market, with nearly 80% of the funding raised via common stock sales. While MicroStrategy continues its long-standing Bitcoin accumulation strategy, its stock dipped 2.5% in premarket trading.
The decline coincided with Bitcoin sliding to about $112,000, reflecting broader market weakness. Despite short-term volatility, MicroStrategy’s commitment underscores its role as the world’s largest corporate Bitcoin holder, making its strategy a bellwether for institutional adoption.
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