MicroStrategy (MSTR), led by Michael Saylor, has reinforced its position as the largest corporate Bitcoin holder, adding 22,048 BTC to its reserves. The latest acquisition, worth $1.92 billion, brings the company’s total holdings to 528,185 BTC, solidifying its aggressive Bitcoin accumulation strategy.
Bitcoin Buy Fueled by Stock Issuance
MicroStrategy funded the purchase primarily through the issuance of common stock, raising $1.2 billion in the week ending March 30. Additionally, the company secured $18.52 million via its STRK preferred share ATM and closed its STRF preferred share offering, raising another $711.2 million.
The company’s total Bitcoin investment now stands at $35.63 billion, with an average purchase price of $67,458 per BTC. At the current Bitcoin price of $82,000, MicroStrategy’s holdings are valued at over $43 billion.
MicroStrategy’s Bitcoin Bet Grows
The latest purchase was made at an average price of $86,969 per BTC, significantly higher than the company’s historical average. This signals continued confidence in Bitcoin’s long-term growth despite recent market fluctuations.
MicroStrategy has consistently used equity and debt financing to acquire Bitcoin, reflecting Saylor’s belief that BTC is the ultimate store of value.
Market Reaction and Stock Performance
Despite the bullish Bitcoin move, MSTR shares dropped 4% premarket, following Bitcoin’s 3% decline since last Friday. However, MicroStrategy’s stock often mirrors BTC’s volatility, with long-term investors betting on Bitcoin’s upward trajectory.
A Long-Term Vision for Bitcoin Dominance
MicroStrategy’s relentless Bitcoin accumulation underscores its commitment to digital assets. While some critics question its aggressive leverage strategy, supporters see it as a pioneering move in corporate treasury management.
As Bitcoin adoption grows, Saylor’s strategy could either cement MicroStrategy’s dominance or expose it to heightened market risks. One thing is clear—MicroStrategy remains all-in on Bitcoin.
