MicroStrategy doubles down on bitcoin again, buying $1.57B more
MicroStrategy (MSTR), the world’s largest publicly traded Bitcoin holder led by executive chairman Michael Saylor, disclosed in a Monday SEC filing that it continued its steady accumulation, purchasing $1.57 billion worth of BTC last week.
Key details
- MicroStrategy added 22,337 BTC at an average price of $70,194 per coin.
- The company’s total holdings now stand at 761,068 BTC, with a total cost basis of roughly $57.61 billion and an average purchase price of about $75,696 per coin.
- By volume, this was MicroStrategy’s fifth-largest weekly bitcoin acquisition.
- The latest buy was largely funded by $1.1 billion in sales of the firm’s STRC series preferred stock, plus $396 million from common stock sales.
Market reaction
- Bitcoin traded near $73,600 on Monday morning, up about 2.6% over the prior 24 hours.
- MSTR shares were up roughly 4% in pre-market trading as the BTC price rose over the weekend.
Why it matters
MicroStrategy’s ongoing accumulation—financed through equity offerings—continues to spotlight institutional demand dynamics and keeps the company among the most influential corporate players in the crypto space.
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