- MicroStrategy acquired 130 more Bitcoin for approximately $10.7 million at an average price of $82,981 per BTC.
- The company now holds 499,226 bitcoin purchased for $33.1 billion, with an average cost of $66,360 per token.
- The acquisition was funded by selling 123,000 shares of STRK preferred stock, part of a recently announced $21 billion offering.
MicroStrategy has slightly expanded its substantial bitcoin holdings, purchasing an additional 130 BTC for $10.7 million, according to a regulatory filing released Monday. The company funded this acquisition by selling a portion of its preferred stock (STRK), maintaining its aggressive bitcoin accumulation strategy.
The business intelligence firm acquired the bitcoin at an average price of $82,981 per token, as disclosed in a Monday morning filing. MicroStrategy noted that its “BTC yield” stands at 6.9% year-to-date, highlighting the investment’s performance metrics.
With this latest purchase, MicroStrategy’s bitcoin reserves have grown to 499,226 tokens. The company has invested a total of $33.1 billion to build this position, resulting in an average acquisition cost of $66,360 per bitcoin. This represents a significant unrealized gain at current market prices.
To finance this bitcoin purchase, MicroStrategy sold 123,000 shares of its STRK preferred stock, generating approximately $10.7 million in net proceeds. This sale is part of a much larger capital raising initiative, as the company recently announced a substantial $21 billion at-the-market offering of that preferred stock, signaling continued appetite for expanding its bitcoin treasury.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Pavel Durov Returns to Dubai, Claims Telegram “Exceeded” Legal Obligations
- <h1>Trader Loses $216,000 in Suspicious Stablecoin Swap, Sparking Money Laundering Concerns</h1> <p>The output is a straightforward news headline related to the article about a trader who lost $216,000 when swapping USDC for Tether, potentially due to manipulation by an Ethereum block builder or as part of a money laundering scheme.</p>
- Smart Mining Technology Revolutionizes Cryptocurrency Investment with AI-Powered Cloud Solutions
- Bitcoin Drops 2% as Major Crypto Tokens Fall Up to 5% in Broad Market Decline
- South Korea’s Central Bank Takes ‘Cautious Approach’ to Bitcoin Reserve Possibility
