Strategy Invests $2.54 Billion in 34,164 Bitcoins, Marking Third-Largest Purchase

MicroStrategy (MSTR) expanded its bitcoin treasury by 34,164 coins last week, with an average acquisition price of approximately $74,395 per bitcoin, totaling around $2.54 billion, as disclosed in a recent filing. This brings the company's total bitcoin holdings to 815,061, with a cumulative investment of about $61.56 billion and an average cost per coin of $75,527. Given the current bitcoin price of around $75,000, Strategy's holdings are currently at break-even. As the world's largest publicly traded bitcoin holder, the company initiated its bitcoin acquisition strategy in 2020 as a balance sheet asset. The recent purchases were made possible by $2.2 million in proceeds from the sale of its preferred stock, STRC, and $366 million from common stock offerings. In pre-market trading, MSTR shares have declined by over 2.5%.