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 for $180.3 million in cash. This acquisition took place between April 28 and May 4, with each Bitcoin averaging a price of $95,167, as revealed in a recent Securities and Exchange Commission (SEC) filing.

Financing 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 purchase, MicroStrategy's total Bitcoin holdings have reached an impressive 555,450 Bitcoins. The aggregate purchase cost for these assets stands at approximately $38.08 billion, averaging $68,550 per Bitcoin, inclusive of fees and expenses.