MicroStrategy Eyes New Bitcoin Buy as Reserves Exceed Debt by $48B
MSTR•MicroStrategy holds 846,842 BTC at an average $75,658 cost—about 10% above current value—and paused buys after selling 32 BTC for $2.5M dividends and issuing $128M stock. Michael Saylor teased another Bitcoin purchase as BTC and cash reserves exceed debt by about $48B, boosting solvency and enabling further stock offerings.
1. Tease of New Bitcoin Acquisition
Executive Chairman Michael Saylor shared a chart mapping MicroStrategy’s BTC holdings against its average purchase price since 2020 and hinted at another acquisition following a three-week buying pause.
2. Recent BTC Sales and Funding
On June 1, the company sold 32 BTC for $2.5M to cover its 11.50% STRC preferred share dividends and raised $128M of common equity under its at-the-market program.
3. Balance Sheet Strength and Future Outlook
With 846,842 BTC at an average cost of $75,658—about 10% above current market value—and combined Bitcoin and cash reserves exceeding debt by roughly $48B, MicroStrategy maintains strong solvency and the flexibility to fund additional purchases via stock offerings.
