MicroStrategy's Strategy Has Announced a New Bitcoin Purchase to Start Off May

MicroStrategy (NASDAQ: MSTR) has just announced its latest Bitcoin purchase in an SEC filing.

As of May 4, 2024, the firm's BTC holdings have increased by 1,895 coins, bringing the total to 555,450 BTC. The purchase price for the latest batch is $95,167 per coin, amounting to $180.3 million in direct investments.

In aggregate, MicroStrategy has invested a substantial $38.08 billion in its Bitcoin treasury, considering the average BTC price over the period of 2023.

The company's Bitcoin reserve is currently at a cost basis of around $68,550, and with the latest exchange rate of the cryptocurrency, it would be sitting on a profit of about 38%.