MicroStrategy Hints at New Bitcoin Purchase While Holding 846,842 BTC at $75,658 Cost
MSTR•MicroStrategy holds 846,842 Bitcoin at an average cost of $75,658 after selling 32 BTC for $2.5 million on June 1 to fund its 11.50% preferred dividend and raising $128 million via stock. Executive Chairman Michael Saylor posted a Bitcoin holdings chart, fueling expectations of a fresh purchase after a three-week buying pause.
1. Bitcoin Holdings and Cost Basis
MicroStrategy currently holds 846,842 Bitcoin at an average cost of $75,658 per BTC, leaving the stake about 10% below its cost basis given recent trading levels.
2. Recent Sales and Funding Activities
On June 1 the company sold 32 BTC for $2.5 million to fund its 11.50% annual preferred dividend, marking a rare depletion in its accumulation strategy. In the same week, it raised $128 million by selling common shares through its at-the-market program.
3. Saylor’s Chart Tease and Market Speculation
Executive Chairman Michael Saylor posted a chart mapping MicroStrategy's Bitcoin purchases since 2020, sparking speculation of a new acquisition after a three-week pause. The chart's orange dots highlight past buys, suggesting further accumulation could resume shortly.
4. Balance Sheet Strength
The firm's combined Bitcoin holdings and cash reserves exceed its debt by roughly $48 billion, reinforcing its financial resilience despite the leveraged strategy used to fund acquisitions since 2020.
