MicroStrategy's Bold Move in the Cryptocurrency Market

In a significant expansion of its cryptocurrency portfolio, MicroStrategy Incorporated has acquired an additional 1,895 Bitcoins for a staggering $180.3 million in cash. This purchase, made between April 28 and May 4, underscores the company's unwavering confidence in Bitcoin as a long-term investment.

Strategic Financing and Holdings Overview

The transaction was strategically financed using proceeds from the 2024 Common ATM and STRK ATM, as revealed in a recent Securities and Exchange Commission (SEC) filing. With this latest acquisition, MicroStrategy's total Bitcoin holdings have soared to 555,450 Bitcoins. The company has invested an aggregate purchase cost of approximately $38.08 billion, averaging $68,550 per Bitcoin, inclusive of fees and expenses.