MicroStrategy Short 181,666 BTC to 1M Target After $255M Purchase
MicroStrategy holds 818,334 BTC after buying 3,273 coins for $255 million at $77,906 each, leaving a 181,666-BTC shortfall to its 1,000,000-target. MicroStrategy added 142,561 BTC YTD at about $78,000 average cost and its STRC preferred share volume rose to $7.2 billion in April.
1. Crypto Accumulation Race
MicroStrategy currently holds 818,334 BTC and needs an additional 181,666 tokens to meet its stated target of 1 million BTC. This positions the company behind peers pursuing similar digital asset benchmarks.
2. Recent Purchases and Cost Basis
The latest weekly purchase comprised 3,273 BTC for $255 million at an average price of $77,906 per coin, bringing MicroStrategy’s overall average acquisition cost to $75,537 and a total cost basis of $61.81 billion.
3. YTD Accumulation and Volume Trends
Year-to-date, MicroStrategy has added 142,561 BTC at roughly $78,000 per token. Concurrently, its STRC perpetual preferred share product saw trading volume rise from $5.7 billion in March to $7.2 billion in April.
4. Funding Structure and Obligations
MicroStrategy finances its Bitcoin purchases through issuances of STRC perpetual preferred shares and at-the-market equity offerings. The company carries $8.25 billion in debt, $13.53 billion in preferred stock, and $1.49 billion in annual dividend obligations on non-yielding Bitcoin holdings.