Strategy Invests $2.54 Billion in 34,164 Bitcoins, Marking Third-Largest Acquisition on Record

MicroStrategy (MSTR) has expanded its bitcoin reserves by 34,164, purchasing the coins at an average price of approximately $74,395, resulting in a total expenditure of around $2.54 billion, as disclosed in a recent filing. This acquisition brings the company's total bitcoin holdings to 815,061, with an overall investment of about $61.56 billion and an average cost per coin of $75,527. Given the current bitcoin price of roughly $75,000, MicroStrategy's bitcoin holdings are currently at a break-even point. As the largest publicly traded bitcoin holder globally, the company initiated its bitcoin acquisition strategy in 2020 as a balance sheet asset. The funds for the recent purchase were raised through the sale of the company's preferred stock, known as STRC, which generated $2.2 million, and common stock offerings, which yielded $366 million. Currently, MSTR shares are experiencing a decline of over 2.5% in pre-market trading.