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

MicroStrategy (MSTR) expanded its bitcoin reserves 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 transaction 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 about $75,000, MicroStrategy's bitcoin stash is presently at break-even. As the world's largest publicly traded bitcoin holder, MicroStrategy initiated its bitcoin acquisition strategy in 2020 as a balance sheet asset. The funding for the recent purchases was secured through $2.2 million from the sale of the company's preferred stock, STRC, and $366 million from common stock sales. Meanwhile, MSTR shares have declined by over 2.5% in pre-market trading.