MicroStrategy's Latest Bitcoin Acquisition

In a bold move that underscores its confidence in cryptocurrency, MicroStrategy Incorporated has added 155 Bitcoin to its holdings, investing a total of $18 million. This purchase was made between August 4 and August 10, as detailed in the company's recent SEC filing.

Financial Strategy Behind the Purchase

The acquisition was financed through the sale of 115,169 of its STRF At-The-Market (ATM) programs, yielding $13.6 million in net proceeds, alongside the initial public offering of Variable Rate Series A Perpetual Stretch Preferred Stock. The average purchase price per Bitcoin stood at approximately $116,401, inclusive of all fees and expenses.

MicroStrategy's Growing Bitcoin Treasury

With this latest investment, MicroStrategy's total Bitcoin holdings have soared to 628,946, acquired at an aggregate price of around $46.10 billion. This translates to an average cost of roughly $73,288 per Bitcoin. The announcement coincided with a 2.31% rise in the company's stock during premarket trading, reaching $404.5 per share.

Market Reaction: The filing's release and Bitcoin's subsequent surge highlight the growing intersection between traditional finance and cryptocurrency investments.