MicroStrategy doubled down on its bitcoin bet this week, scooping up 13,927 BTC — roughly $1 billion worth — according to a Monday SEC filing. The coins were purchased over the past week at an average price of about $71,902 each.
Those latest buys push MicroStrategy’s total bitcoin treasury to 780,897 BTC, acquired for approximately $59.02 billion and carrying an average cost basis of $75,577 per coin. The company says the recent purchases were funded entirely by $1 billion raised through sales of its preferred stock, STRC (Stretch).
The timing highlights an important spread: bitcoin is trading just under $71,000 today, below MicroStrategy’s aggregate cost basis, which implies an unrealized mark relative to the company’s long-term average buy price. Market reaction was mixed — MSTR shares were down more than 2.5% in pre-market trading.
MicroStrategy’s ongoing accumulation, funded via new equity, underscores its continued strategy of using capital markets to add bitcoin to the balance sheet even as spot prices fluctuate.
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