MicroStrategy Invests $2.54 Billion in Bitcoin, Adding 34,164 Coins to Its Holdings

MicroStrategy, led by Michael Saylor, has expanded its bitcoin treasury by purchasing 34,164 additional coins at an average price of approximately $74,395, totaling around $2.54 billion, as disclosed in a recent filing. This acquisition brings the company's total bitcoin holdings to 815,061, valued at roughly $61.56 billion, with an average cost per coin of $75,527. 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 globally, the company initiated its bitcoin investment strategy in 2020. The recent purchases were financed through a combination of $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.