The purchase lowers the firm’s average Bitcoin cost basis to $75,656 as holdings reach 846,842 BTC worth $56.1 billion.
MicroStrategy acquired 1,587 Bitcoin for $100 million at an average price of $63,024, reducing its overall cost basis to $75,656. The purchase increases total holdings to 846,842 BTC, valued at approximately $56.1 billion based on current prices near $66,216 per Bitcoin.
The company funded the acquisition by selling 1.73 million shares of its Class A common stock (MSTR), raising about $209 million. This follows a similar purchase of 1,550 BTC last week. Preferred share programs, including STRC, showed no activity during the period.
STRC, a preferred stock tracker, traded below its $100 par value for a fourth week, closing at $94.80 on Friday. The firm’s executive chairman hinted at the purchase in a social media post, signaling ongoing accumulation.