MicroStrategy Continues Bitcoin Accumulation with $742.4M Purchase, Raising Holdings to 478,740 BTC
MicroStrategy (MSTR) has made another substantial Bitcoin purchase, investing $742.4 million to acquire an additional 7,633 BTC, increasing its total holdings to 478,740 BTC. This follows a brief hiatus from buying Bitcoin the previous week.
The purchase, made during the week ending February 9, was executed at an average price of $97,255 per Bitcoin, raising MicroStrategy’s overall average acquisition price to $65,033 per BTC.
The company did not make any Bitcoin purchases during the week ending February 2, likely due to a blackout period surrounding its earnings report. On February 6, MicroStrategy posted a fourth-quarter net loss of $3.03 per share, compared to a profit of $0.50 per share in the previous year.
This latest Bitcoin acquisition was financed through proceeds from the sale of shares under a sales agreement and a perpetual preferred equity offering by Strike (STRK). Executive Chairman Michael Saylor teased the purchase on social media, saying, “Death to the blue lines. Long live the green dots.”
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