MicroStrategy Signals Possible Bitcoin Buy After Acquiring 13,927 BTC for $1B
Michael Saylor’s “Think Even Bigger” post highlighted MicroStrategy’s 780,897 BTC holding at a $59.02B cost and $75,577 average price. The company bought 13,927 BTC for ~$1.0B April 6–12 funded by STRC preferred stock, retaining $2.25B in cash reserves and 10% net leverage.
1. Saylor’s Signal and Dashboard Metrics
Executive Chairman Michael Saylor’s weekend “Think Even Bigger” post included a company dashboard showing 780,897 BTC on the balance sheet, a total acquisition cost of $59.02B and an average purchase price of $75,577 per bitcoin.
2. Recent Purchase Details
An SEC filing dated April 13 revealed MicroStrategy bought 13,927 BTC between April 6 and April 12 for about $1.0B, funding the purchase through the sale of its STRC preferred stock.
3. Liquidity and Leverage Position
The dashboard also reported $2.25B in USD cash reserves and a net leverage ratio of 10%, indicating the firm maintains significant capacity to expand its bitcoin position.
4. Market Reaction and Expectations
Investors have come to view Saylor’s posts as leading indicators of official treasury updates, and the latest signal has sparked speculation about when the next bitcoin acquisition filing will appear.