MicroStrategy’s near-$1 billion Bitcoin purchase lifts total holdings to 660,624 coins, as the company accelerates stock sales to fund aggressive crypto accumulation.
MicroStrategy added 10,624 Bitcoin last week for $962.7 million at an average price of $90,615, funded largely by selling $928.1 million in common stock and $34.9 million in preferred shares. Its total Bitcoin holdings now stand at 660,624 coins acquired for $49.35 billion at an average cost of $74,696. Following Bitcoin’s 3% rise to $94,000, MSTR shares climbed 2.1% to $182.74 in premarket trading. Despite recent smaller purchases due to weak market conditions, the company has raised nearly $3 billion in two weeks to strengthen reserves and buy Bitcoin. Executive Chairman Michael Saylor is currently meeting investors in the Middle East to expand institutional engagement.