MicroStrategy Buys 34,164 Bitcoin for $2.54B, Tops BlackRock ETF Holdings
MicroStrategy acquired 34,164 Bitcoin for $2.54 billion between April 13 and April 19, lifting its total holdings to 815,061 BTC and overtaking BlackRock's iShares Bitcoin Trust. This marks the first corporate treasury to surpass a flagship Bitcoin ETF, underscoring MicroStrategy's aggressive digital asset accumulation.
1. April BTC Acquisition
Between April 13 and April 19, MicroStrategy acquired 34,164 Bitcoin for a total of $2.54 billion, boosting its treasury to 815,061 BTC. This tranche of purchases raised the company’s cumulative Bitcoin holdings to nearly 3.9% of the fixed supply.
2. Funding Mechanism
The latest acquisition was financed through the issuance of Stretch (STRC) dividend-paying preferred shares, representing a strategic shift from previous funding methods such as convertible notes. This approach signals the firm’s continued commitment to leveraging capital markets for digital asset procurement.
3. Market Impact
By surpassing BlackRock's iShares Bitcoin Trust at 802,824 BTC, MicroStrategy has become the largest corporate holder of Bitcoin. This milestone highlights the company’s leading role in institutional adoption and may influence investor sentiment toward its equity.