MicroStrategy's Latest Bitcoin Acquisition

In a bold move that underscores its confidence in cryptocurrency, MicroStrategy Incorporated has announced the purchase of an additional 1,895 Bitcoins. The acquisition, totaling $180.3 million in cash, was made between April 28 and May 4, at an average price of $95,167 per Bitcoin, as revealed in a recent Securities and Exchange Commission (SEC) filing.

Financing the Future

The transaction was strategically financed using proceeds from the 2024 Common ATM and STRK ATM, showcasing MicroStrategy's innovative approach to funding its cryptocurrency investments. With this latest purchase, the company's total Bitcoin holdings have skyrocketed to 555,450 Bitcoins.

A Strategic Investment

MicroStrategy's aggregate investment in Bitcoin now stands at approximately $38.08 billion, with an average purchase price of $68,550 per Bitcoin, including all associated fees and expenses. This significant investment highlights the company's long-term belief in the value and potential of Bitcoin as a digital asset.