MicroStrategy Announces Bitcoin Purchase
The dominant player in Bitcoin holdings among U.S. public companies, MicroStrategy, announced yesterday (28th) that the company spent $1.42 billion to acquire 15,355 Bitcoins at an average price of $92,737 between April 21 and April 27. This purchase raised its total Bitcoin holdings to 553,555 BTC, with a total acquisition cost reaching $37.9 billion.
(Background: MicroStrategy’s stock price tripled since last October: Analyzing Bitcoin’s financial magic)
(Supplementary Background: MicroStrategy spends $1.92 billion to buy 22,000 BTC, Michael Saylor: Bitcoin could soar to $13 million in 20 years)
Acquisition Details
MicroStrategy reiterated its position as the leader in Bitcoin holdings among U.S. public firms, announcing yesterday (28th) that it had again increased its Bitcoin position by spending $1.42 billion to buy 15,355 Bitcoins at an average price of $92,737 from April 21 to 27. This acquisition brought its total Bitcoin holdings to 553,555 BTC, with a total purchase cost amounting to $37.9 billion, updating the average price per Bitcoin to $68,459 (with an unrealized profit of approximately $12.9 billion).
This latest Bitcoin acquisition was funded by the proceeds from the sale of new shares. According to documents provided by MicroStrategy, last week, the company sold 4.02 million shares of MSTR stock, raising approximately $1.4 billion.
After this sale, there remains $128.7 million worth of MSTR stock available for issuance and sale. Additionally, MicroStrategy sold 435,069 shares of STRK stock, raising about $37.5 million, with $20.92 billion worth of STRK stock still available for issuance and sale.
Recovery of MicroStrategy’s Stock Price
According to Google Finance data, with the recent rebound in the cryptocurrency market, MicroStrategy’s stock price has also begun to recover. As of April 29, Taiwan time, the price reached $369.25, marking a 27.59% increase over the past month and a 12% increase over the last five days.
Bitcoin’s Volatility Around $95,000
Additionally, according to OKX data, after a brief decline following last night’s opening, Bitcoin quickly reversed course and is currently trading at $95,028, still fluctuating around the relative highs seen in early March.
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