MicroStrategy Acquires an Additional 4000 BTC for $427.1M at an Average Purchase Price of $106237

Strategy has acquired an additional 4,020 BTC for $427.1 million at an average purchase price of $106,237 per Bitcoin.

MicroStrategy has purchased an additional 4,020 Bitcoin (BTC) for $427.1 million at an average price of $106,237 per Bitcoin, the company announced on Friday.

The company funded the latest Bitcoin purchase by selling several equity instruments between May 19 and 25, according to a statement.

Specifically, MicroStrategy sold 847,000 shares of its Class A common stock (MSTR), generating $348.7 million in net proceeds.

It also sold 678,970 shares of its perpetual strike preferred stock (STRK) for $67.9 million, and another 104,423 shares of its Series A perpetual strife preferred stock (STRF) for $10.4 million.

This is the fourth Bitcoin accumulation by MicroStrategy in May, equal to roughly nine days of new BTC supply. It’s also the company’s first purchase following Bitcoin’s rise to a new all-time high of more than $111,000.

After the purchase, MicroStrategy now holds 580,250 BTC, or about 2.76% of Bitcoin’s total supply of 21 million coins, making it the largest corporate Bitcoin holder.

The company has spent an estimated $40.6 billion on its Bitcoin position, with an average cost of $69,979 per coin. Based on the current market value, its holdings are worth $63.8 billion, translating to unrealized profits of more than $23 billion.