MicroStrategy Buys 1,550 Bitcoin for $101M After Selling 32 BTC
MSTR•MicroStrategy sold 32 Bitcoin last week at around $77,000 and then repurchased 1,550 Bitcoin for $101 million at near $65,000, boosting its Bitcoin reserves to 845,256. The company also increased its USD cash reserve by $100 million to $1 billion.
1. Transaction Details
Last week MicroStrategy sold 32 Bitcoin at approximately $77,000 each and this morning repurchased 1,550 Bitcoin for roughly $65,000 apiece, representing a $101 million investment.
2. Reserve Boost
These moves increased the firm’s Bitcoin holdings to 845,256 and raised its USD cash reserve by $100 million, bringing total cash to $1 billion.
3. Funding Methodology
The company funded both the Bitcoin repurchase and cash reserve build by selling common shares rather than preferred stock, preserving its capital structure flexibility.
4. Market Reaction
The initial Bitcoin sale pushed prices below $60,000 and sentiment lower, but the subsequent buyback sparked a 3% rebound in related convertible notes and helped stabilize market outlook.
