MicroStrategy Slows Bitcoin Buys, Funds $255M in BTC via Common Stock Sales
MicroStrategy bought $255 million of bitcoin in the week ended April 27 through common stock sales, after spending $3.5 billion over the prior two weeks. The firm added 142,561 BTC at an average cost of $78,000, saw STRC volume rise to $7.2 billion in April and holds $61 billion in cryptocurrency.
1. Weekly Bitcoin Purchases
MicroStrategy acquired $255 million worth of bitcoin, or 3,273 coins, in the week ended April 27, funding the purchases through common stock sales. This marked a slowdown following $3.5 billion of bitcoin buys over the prior two-week period.
2. Year-to-Date Accumulation and Cost Basis
Year to date, the firm has accumulated 142,561 BTC at an average cost of $78,000 per coin, reinforcing its status as the largest corporate bitcoin holder.
3. STRC Volume and Total Holdings
Trading volume for its STRC perpetual preferred shares climbed from $5.7 billion in March to $7.2 billion in April, while total cryptocurrency holdings stand at about $61 billion.