Michael Saylor's Latest Acquisition: 1,895 Bitcoin, Bringing Total to 555,450 BTC
Business/Finance

Michael Saylor's Latest Acquisition: 1,895 Bitcoin, Bringing Total to 555,450 BTC

Michael Saylor's Strategy has expanded its bitcoin holdings significantly, notifying of an additional purchase that increases their overall total.

Michael Saylor’s Strategy (MSTR) has made headlines again by buying an additional 1,895 Bitcoin last week at a cost of $180.3 million, leading to an average purchase price of $95,167 per unit. This latest acquisition raises the company’s total Bitcoin holdings to 555,450 BTC, purchased for over $38 billion altogether.

Key Highlights:

  • The average price for the new purchase was $95,167, while the overall company average now stands at $68,550.
  • The funds for this acquisition were sourced from $128.5 million from common stock sales and $51.8 million from STRK preferred stock.
  • The latest stock offering allowed for a notable continuation with a new $21 billion at-the-market (ATM) offering.

Given current Bitcoin prices hovering around $94,000, the total worth of their holdings now exceeds $52 billion, with MSTR reflecting a slight decrease of 2.7% in premarket trading.

“A combination of sales of common stock and STRK preferred stock funded the latest purchase.”

This acquisition underscores the company’s ongoing commitment to expanding its Bitcoin holdings.

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