MicroStrategy Teases Fresh Bitcoin Purchase After Selling 32 BTC for $2.5M
MSTR•MicroStrategy holds 846,842 Bitcoin purchased at an average $75,658 per coin, valuing its stake at about $54.2B but roughly 10% below cost after Bitcoin traded near $64,082. Executive Chairman Michael Saylor teased a fresh Bitcoin purchase following a rare sale of 32 BTC for $2.5M and $128M in stock raises.
1. Saylor Teases Next Bitcoin Purchase
Executive Chairman Michael Saylor posted a chart mapping MicroStrategy’s Bitcoin purchases since 2020 and hinted at adding to the 846,842 BTC holdings despite no new buys in three weeks.
2. Bitcoin Holdings and Valuation
MicroStrategy holds 846,842 BTC at an average cost of $75,658 per coin, placing the position roughly 10% below cost with a current valuation near $54.2 billion based on Bitcoin prices around $64,082.
3. Funding Dividends and Stock Raises
On June 1, the company sold 32 BTC for $2.5 million to cover 11.50% annual dividends on its preferred shares and also raised $128 million through common stock sales under its at-the-market program.
4. Impact on Market Sentiment
A fresh Bitcoin purchase signal from MicroStrategy could boost investor confidence, potentially driving stock performance given the firm’s status as the largest corporate Bitcoin holder and recent pause in acquisitions.
