MicroStrategy, the world’s largest public Bitcoin holder, acquired an additional 1,587 BTC for $100 million last week. The purchase was executed at an average price of $63,024 per Bitcoin and funded by sales of its Class A common stock. This brings the company’s total holdings to 846,842 BTC, worth approximately $56.1 billion at current prices, though its average cost basis remains higher at $75,656.
MicroStrategy continued its Bitcoin accumulation strategy last week by purchasing 1,587 BTC for $100 million. The company disclosed the acquisition in a Monday filing with the US Securities and Exchange Commission.
The purchase was made at an average price of $63,024 per Bitcoin. This slightly lowered the company’s overall average cost basis to $75,656.
With this latest buy, MicroStrategy now holds 846,842 BTC at a total cost of $64.07 billion. At the current price of about $66,216 per Bitcoin, according to CoinGecko data, those holdings are worth roughly $56.1 billion.
The company funded the acquisition through sales of its Class A common stock (MSTR), raising about $209 million. Similar to a previous purchase, the company’s preferred share programs showed no activity during the week.
Executive Chairman Michael Saylor hinted at the purchase in a Sunday post on X, “Still adding dots.” The phrase is associated with the company’s upcoming Bitcoin acquisitions.
The purchase follows a reported sale of 32 BTC by MicroStrategy on June 1. That sale ignited debate about whether the company was moving away from its buy-and-hold approach.
Saylor recently defended such sales, stating Bitcoin treasury companies must retain the ability to sell holdings to support dividend-paying securities. The company’s strategy remains a focal point for cryptocurrency market observers.
