MicroStrategy Signals New Bitcoin Buy After $1B Purchase of 13,927 BTC
MicroStrategy acquired 13,927 BTC for roughly $1.0 billion between April 6 and April 12, funded via STRC preferred stock, bringing its total holdings to 780,897 BTC at an average cost of $75,577 per coin. Its treasury dashboard shows $2.25 billion in USD reserves and 10% net leverage, signaling capacity for further buys.
1. Bitcoin Purchase Details
Between April 6 and April 12, MicroStrategy acquired 13,927 BTC for approximately $1 billion, as disclosed in its SEC filing. The purchase was funded through sales of the company’s STRC preferred stock, marking its first major acquisition of the quarter.
2. Total Holdings and Cost Basis
The purchase increased MicroStrategy’s total Bitcoin holdings to 780,897 BTC with a cumulative acquisition cost of about $59.02 billion and an average purchase price of $75,577 per Bitcoin.
3. Treasury Position and Leverage
As of the latest dashboard update, the company holds $2.25 billion in USD reserves and maintains 10% net leverage on its balance sheet, demonstrating ample liquidity and capacity for additional Bitcoin acquisitions.
4. Market Implications of Soft Signals
Executive Chairman Michael Saylor’s “Think Even Bigger” post has become a de facto signal ahead of formal filings, prompting market observers to anticipate further Bitcoin purchases as the cryptocurrency price approaches MicroStrategy’s cost basis.