MicroStrategy Spends $90M on 1,142 Bitcoin, Holdings Reach 714,644 Coins
Between Feb 2 and Feb 8, MicroStrategy acquired 1,142 bitcoin for $90 million at a $78,815 average, bringing total holdings to 714,644 coins with a $54.35 billion cost basis. Maxim Group maintained a Buy rating, highlighting its robust balance sheet and digital asset treasury strategy despite bitcoin’s recent downturn.
1. MicroStrategy Acquires Additional Bitcoin
MicroStrategy acquired 1,142 bitcoin for approximately $90 million between February 2 and February 8 at an average purchase price of $78,815 per coin.
2. Total Holdings and Cost Basis
Following the latest acquisition, MicroStrategy’s bitcoin holdings total 714,644 coins with an aggregate cost basis of about $54.35 billion as of February 8.
3. Maxim Group Maintains Buy Rating
Maxim Group reiterated its Buy rating on MicroStrategy, citing the company's strong balance sheet, significant digital asset treasury strategy, and solid access to capital despite recent bitcoin market volatility.