MicroStrategy Raises Bitcoin Holdings by $181M Through 1.41M Share Sale
MSTR•MicroStrategy sold 1.41 million Class A shares between June 1–7, netting $181 million to purchase 1,550 Bitcoin at an average $65,332 per coin. This raises its Bitcoin treasury above 845,000 coins, reaffirming its leveraged crypto proxy model and quelling panic triggered by a prior 32-coin sale.
1. June Share Sale and Bitcoin Purchase
Between June 1 and June 7, the company sold 1.41 million Class A shares, generating $181 million in net proceeds that were immediately used to acquire 1,550 Bitcoin at an average price of $65,332 per coin.
2. Countering Market Panic
The move directly addresses the market unease sparked by a prior sale of 32 Bitcoins for $2.5 million, signaling that the small liquidation was purely to fulfill preferred-stock cash dividends rather than a shift in conviction.
3. Leveraged Bitcoin Proxy Model
By continuing to issue equity specifically for Bitcoin accumulation, MicroStrategy reinforces its status as a leveraged Bitcoin proxy, offering traditional investors indirect exposure to cryptocurrency through its unique financing mechanism.
4. Holdings and Market Position
With this latest purchase, its Bitcoin treasury surpasses 845,000 coins, representing over 4% of the total eventual Bitcoin supply and maintaining its position as the largest corporate Bitcoin holder worldwide.
