MicroStrategy Signals Further Bitcoin Buy After $1B Acquisition of 13,927 BTC
MicroStrategy holds 780,897 BTC at a total acquisition cost of $59.02 billion and an average price of $75,577 per coin, with $2.25 billion in USD reserves and 10% net leverage. The company bought 13,927 BTC for roughly $1.0 billion through preferred stock sales, prompting speculation of further purchases.
1. Executive Chairman Signals Future Buys
Executive Chairman Michael Saylor posted a dashboard showing 780,897 BTC on the balance sheet, a total acquisition cost of $59.02 billion and an average purchase price of $75,577 per Bitcoin, paired with a “Think Even Bigger” message to signal potential additional purchases.
2. Recent Bitcoin Acquisition Details
An SEC filing disclosed that between April 6 and April 12 the company acquired 13,927 BTC for approximately $1.0 billion, funding the purchase through sales of its preferred stock.
3. Balance Sheet Strength and Outlook
The dashboard also showed $2.25 billion in USD reserves and 10% net leverage, indicating ample liquidity and capital-market access to support further Bitcoin acquisitions when market conditions align; investors now await the next formal filing.