MicroStrategy Invests $2.54 Billion in Bitcoin, Expanding Holdings to 815,061 Coins

MicroStrategy, led by Michael Saylor, has increased its bitcoin reserves by 34,164 coins, with an average purchase price of $74,395 per coin, totaling $2.54 billion, as disclosed in a recent filing. This transaction brings the company's total bitcoin holdings to 815,061, valued at approximately $61.56 billion, with an average cost of $75,527 per coin. Given the current bitcoin price of around $75,000, MicroStrategy's holdings are currently at a break-even point. As the largest publicly traded bitcoin holder, the company initiated its bitcoin acquisition strategy in 2020. The recent purchase was funded by $2.2 million from the sale of its preferred stock, STRC, and $366 million from common stock sales. MicroStrategy's shares have declined by over 2.5% in pre-market trading.