MicroStrategy’s Bitcoin Holdings Reach Record $63.46 Billion After $2.54B Buy
MicroStrategy’s Bitcoin treasury climbed to a record $63.46 billion, holding 815,061 BTC at an average cost of $75,528 per coin after adding 34,164 BTC for roughly $2.54 billion last week. The April purchases were funded through $2.18 billion in perpetual preferred equity and $366 million in at-the-market stock sales.
1. Bitcoin Treasury Hits Record High
MicroStrategy held 815,061 BTC valued at $63.46 billion as of April 26, up nearly $2 billion in a week, marking a new all-time high for its corporate treasury.
2. Largest Single-Week Bitcoin Acquisition
In April, the firm purchased 34,164 BTC for approximately $2.54 billion at an average price of $74,395 per coin, its largest weekly accumulation in 17 months, surpassing BlackRock’s BTC trust as the top public holder.
3. Financing Structure
The latest purchases were funded through $2.18 billion of perpetual preferred equity and $366 million of at-the-market common stock offerings, preserving existing share counts while raising capital.
4. Yield Strategy Concerns
Critics highlight the 11.5% STRC dividend yield may require ongoing capital raises or Bitcoin sales, raising concerns about structural sustainability and potential asset liquidations under stressed market conditions.