MicroStrategy Marks 100th Bitcoin Buy with 592 Coins Funded by $39.7M Stock Sale
MicroStrategy announced its 100th Bitcoin purchase, acquiring 592 BTC for $39.8 million funded by selling 297,940 shares for $39.7 million in net proceeds. The firm now holds 717,722 BTC at an average cost of $76,020 per coin and sits on an approximately $7 billion unrealized loss with Bitcoin trading near $66,000.
1. 100th Bitcoin Purchase Milestone
MicroStrategy completed its 100th disclosed Bitcoin acquisition, purchasing 592 BTC for $39.8 million between February 17-22 by selling 297,940 shares of common stock to generate $39.7 million in net proceeds under its at-the-market equity program.
2. Holdings and Unrealized Loss
The company’s total Bitcoin holdings stand at 717,722 coins acquired for $54.56 billion at an average price of $76,020 per coin, and with Bitcoin trading near $66,000, this equates to an approximate $7 billion unrealized loss.
3. Funding Capacity and Future Outlook
MicroStrategy retains $7.84 billion of capacity under its at-the-market facility and additional perpetual preferred stock funding lines, positioning the company to continue Bitcoin accumulation regardless of price fluctuations.