MicroStrategy Needs $14B More After Latest BTC Purchase as Shares Dip 1%
MicroStrategy holds 818,334 BTC after adding 3,273 coins for $255M at $77,906 each, trailing its 1M-token goal by 181,666 and needing roughly $14B more at current prices. The company carries $8.25B in debt, $13.53B in preferred stock obligations and saw shares slip 1.06% to $169.2.
1. Crypto Accumulation Targets
MicroStrategy aims to hold 1 million Bitcoin, currently at 818,334 holdings, trailing by 181,666 tokens and requiring approximately $14 billion at prevailing prices to close the gap.
2. Recent BTC Purchases and Cost Basis
The latest purchase added 3,273 BTC for $255 million at $77,906 each, bringing the average acquisition cost to $75,537 per coin and a total cost basis of $61.81 billion.
3. Funding Model and Liabilities
The company finances purchases through STRC perpetual preferred shares and at-the-market equity sales, carrying $8.25 billion in debt, $13.53 billion in preferred stock, and annual dividend obligations of $1.49 billion on non-yielding assets.
4. Stock Performance
Shares dipped 1.06% to close at $169.20, reflecting investor response to liability levels and the pace of its crypto accumulation strategy.