MicroStrategy’s Bitcoin Treasury Hits $63.46B as April Purchase Tops $2.54B
MicroStrategy’s Bitcoin treasury reached a record $63.46 billion on April 26, holding 815,061 BTC acquired across 107 purchase events at an average cost of $75,528 per coin. The company added 34,164 BTC last week for $2.54 billion at an average price of $74,395, boosting unrealized gains by $1.9 billion to 3.08%.
1. Record Bitcoin Treasury
MicroStrategy’s Bitcoin holdings climbed to a record treasury value of $63.46 billion as of April 26, representing 815,061 BTC acquired over 107 purchase events at an average cost basis of $75,528 per coin.
2. April Buying Spree
During the week of April 20, the firm added 34,164 BTC for $2.54 billion at an average price of $74,395 per coin, marking its largest single-week purchase in 17 months and surpassing BlackRock’s iShares Bitcoin Trust as the largest publicly disclosed holder.
3. Financing Structure
The April accumulation was funded with $2.18 billion raised through STRF perpetual preferred equity and $366 million from at-the-market sales of common shares, avoiding dilutive stock issuance.
4. Unrealized Gains and Risk Concerns
The current cost basis yields an unrealized gain of $1.9 billion, or 3.08%, while critics warn that maintaining an 11.5% preferred dividend could require further capital raises or Bitcoin sales if market conditions tighten.