MSTR’s latest bitcoin purchase raises its total holdings as BTC trades below the acquisition cost ahead of U.S. market open.
MicroStrategy acquired 24,869 bitcoins for $2.01 billion in the week ended May 17, averaging $80,985 per BTC. The purchase increases the company’s bitcoin holdings amid ongoing corporate accumulation strategies.
Bitcoin was trading at approximately $77,302 before the U.S. market open on Monday, below the average purchase price. MicroStrategy’s shares declined 2.82% to $172.42, reflecting investor reaction to the acquisition.
The move follows a pattern of large-scale bitcoin purchases by the company, aligning with its long-term digital asset strategy.