MicroStrategy Needs $14B to Hit 1M-BTC Goal, Bears $21.8B Debt and Preferred
MicroStrategy holds 818,334 BTC after buying 3,273 coins for $255M at $77,906 each, leaving it 181,666 tokens (18%) short of its 1 million-BTC target and needing about $14 billion more. The company carries $8.25 billion in debt and $13.53 billion in preferred stock with $1.49 billion in annual dividends.
1. Holdings Gap to 1M-BTC Target
MicroStrategy holds 818,334 BTC, trailing its 1 million-coin goal by 181,666 tokens, an 18% shortfall requiring roughly $14 billion at current prices to close the gap.
2. Recent BTC Acquisitions
The latest purchase added 3,273 BTC for $255 million at $77,906 per coin, contributing to its overall cost basis of $61.81 billion and an average price of $75,537 per BTC.
3. Balance Sheet Liabilities
The company carries $8.25 billion in debt and $13.53 billion in preferred stock, with annual dividend obligations of $1.49 billion on non-yielding Bitcoin holdings.
4. Ether Race Comparison
Competitor BitMine Immersion Technologies reached 5.078 million ETH, 84% of its 5% supply target, needing $2.4 billion more, highlighting MicroStrategy’s sixfold larger $14 billion funding runway.