MicroStrategy Boosts Bitcoin Holdings with $1.25 Billion Purchase
MicroStrategy, led by CEO Michael Saylor, has strengthened its investment strategy in digital assets by acquiring 13,627 Bitcoin units in a transaction valued at approximately $1.25 billion, marking the company’s largest purchase since July.
The company stated that the purchase was executed at an average price of around $91,519 per Bitcoin and funded through the sale of $1.1 billion in common shares, alongside $119.1 million in perpetual preferred stock (STRC).
With this acquisition, MicroStrategy’s total Bitcoin holdings rose to about 687,410 coins, acquired at a total cost of $51.8 billion and an average purchase price of $75,353 per Bitcoin, reinforcing its position as the largest publicly traded company holding Bitcoin globally.
Following the announcement, MicroStrategy shares in pre-market trading rose slightly by 0.5%, while Bitcoin continued trading above $90,000, signaling sustained investor confidence in the company’s strategy to expand its digital asset reserves.