MicroStrategy Adds $255M in Bitcoin, Holds 818,334 BTC with $14B Gap
MicroStrategy added 3,273 BTC for $255M at $77,906, bringing holdings to 818,334 BTC with a $61.8B cost basis and leaving a $14B gap to its 1M BTC goal. Its STRC perpetual preferred trading volume climbed to $7.2B in April from $5.7B in March.
1. Bitcoin Accumulation Progress
MicroStrategy holds 818,334 BTC and recently added 3,273 BTC for $255 million at $77,906 per coin. Year-to-date, it has acquired 142,561 BTC at an average cost near $78,000, leaving it 181,666 BTC short of its 1 million target.
2. Funding Gap and Capital Structure
At current bitcoin prices, MicroStrategy faces an estimated $14 billion funding gap to reach its 1 million BTC goal, based on a $61.8 billion total cost basis. The company’s balance sheet includes $8.25 billion of debt, $13.53 billion in perpetual preferred obligations and $1.49 billion in annual dividend payments.
3. STRC Preferred Share Activity
Trading volume in MicroStrategy’s STRC perpetual preferred shares rose to $7.2 billion in April from $5.7 billion in March, underscoring robust investor demand for its equity-linked financing vehicle.