MicroStrategy's Latest Bitcoin Investment

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

Funding and Total Holdings

The transaction was financed through "proceeds from the 2024 Common ATM and STRK ATM," according to the company's filing. With this latest acquisition, MicroStrategy's total Bitcoin holdings now amount to an impressive 555,450 Bitcoins. The company has invested approximately $38.08 billion in Bitcoin, with an average purchase price of $68,550 per Bitcoin, inclusive of fees and expenses.