Michael Saylor’s firm now holds 478,740 BTC after latest purchase
MicroStrategy (MSTR) has resumed its aggressive Bitcoin accumulation, purchasing 7,633 BTC worth $742.4 million, according to Executive Chairman Michael Saylor. The latest acquisition brings the company’s total Bitcoin holdings to 478,740 BTC, reinforcing its status as the largest corporate holder of the cryptocurrency.
Saylor announced the purchase on X (formerly Twitter), revealing an average purchase price of $97,255 per BTC, which increased MicroStrategy’s overall average acquisition cost to $65,033 per BTC.
A Brief Pause Before Resumption
The company had paused purchases in the week ending Feb. 2, likely due to a blackout period around its Q4 earnings report. MicroStrategy posted a fourth-quarter net loss of $3.03 per share, compared to a $0.50 per share profit in the same quarter last year.
Funding the Bitcoin Purchases
According to the firm’s 8-K filing, the latest Bitcoin acquisitions were financed using proceeds from share sales and a perpetual preferred equity offering of Strike (STRK).
Saylor, known for his cryptic social media teasers, hinted at the move on Sunday with his signature post:
“Death to the blue lines. Long live the green dots.”
With Bitcoin trading near $97,000, MicroStrategy remains steadfast in its long-term bullish outlook, further solidifying its strategy of using BTC as its primary treasury reserve asset.
