MicroStrategy’s Weekly Bitcoin Purchase Slows to $255m From April’s $4.1bn
MicroStrategy added 3,273 BTC for $255m in its latest weekly purchase, slowing from April’s $4.1bn and funded through common stock sales. The company’s 818,334 BTC holding sits 181,666 short of its 1m target, representing a $14bn funding gap versus BitMine’s $2.4bn needed to hit its 5% ETH supply goal.
1. Weekly Bitcoin Purchase Slowdown
MicroStrategy acquired 3,273 BTC for $255m during the week ended April 27, down from April’s $4.1bn in purchases. The latest round was funded through common stock sales, marking a departure from recent reliance on STRC perpetual preferred share issuances.
2. Funding Gap to 1 Million BTC Target
With 818,334 BTC on its balance sheet, MicroStrategy remains 181,666 tokens shy of its 1 million BTC goal, requiring roughly $14bn at current prices to close the gap.
3. Comparison with BitMine’s ETH Accumulation
BitMine Immersion Technologies holds 5.078 million ETH, placing it 16% short of its 5% supply target and needing about $2.4bn more to reach that milestone, underscoring MicroStrategy’s larger funding challenge.
4. Balance Sheet and Dividend Obligations
MicroStrategy carries $8.25bn in debt and $13.53bn in preferred stock, with annual dividend obligations amounting to $1.49bn against non-yielding bitcoin assets.