What to know:
- MicroStrategy has recently added 22,048 Bitcoin for $1.92 billion, bringing their total holdings to 528,185 tokens.
- The average purchase price has increased to $67,458, compared to Bitcoin’s market price currently hovering around $82,000.
- This purchase was primarily financed through the issuance of common stock.
The MicroStrategy (MSTR) bitcoin acquisition initiative continues to expand. Last week, the company secured 22,048 BTC at an aggregate cost of $1.92 billion, translating to an average acquisition cost of $86,969 per BTC, according to a filing from Monday. Overall, their bitcoin portfolio now amounts to 528,185 BTC, purchased for around $35.63 billion, leading to an average cost of $67,458 each.
With Bitcoin’s current valuation around $82,000, these assets hold a worth exceeding $43 billion. This latest acquisition seemed to largely derive from raised capital through the issuance of additional common stocks, with a total of $1.2 billion over the week concluding on March 30, supplemented by an infusion of $18.52 million from their preferred share ATM. The offering of STRF preferred shares raised an additional $711.2 million last week.
As of the latest reports, MSTR is trading 4% lower in premarket hours, parallel to Bitcoin’s approximate 3% decline since the last market close.
