MicroStrategy Signals Possible Bitcoin Buy After $1B Acquisition and 780,897 BTC Holdings
Michael Saylor’s “Think Even Bigger” post revealed MicroStrategy holds 780,897 BTC at a total cost of $59.02B and an average price of $75,577. This follows a $1B buy of 13,927 BTC funded by STRC preferred stock, leaving $2.25B in cash reserves and 10% net leverage.
1. Dashboard Signal
Executive Chairman Michael Saylor’s weekend post paired “Think Even Bigger” with a company dashboard revealing 780,897 BTC on the balance sheet, an acquisition cost of $59.02B and an average price of $75,577 per coin, marking a soft signal ahead of a formal treasury update.
2. Recent BTC Acquisition
In an SEC filing dated April 13, the firm disclosed it acquired 13,927 BTC between April 6 and April 12 for approximately $1.0B, funded through the sale of STRC preferred stock, bringing total holdings to the current level.
3. Financial Position
The dashboard also indicated $2.25B in USD reserves and 10% net leverage, underscoring MicroStrategy’s capacity to continue adding to its Bitcoin position if market conditions are favorable.
4. Market Implications
Investors have come to interpret Saylor’s public dashboard signals as precursors to formal filings, and with Bitcoin trading near MicroStrategy’s average cost basis, attention is focused on whether the company will file another large purchase.