Michael Saylor’s MicroStrategy has executed a significant Bitcoin purchase, adding 6,220 BTC to its corporate treasury strategy at an average price of $118,940 per coin. The total investment for this latest acquisition amounts to $739.8 million.
This purchase elevates the company’s total accumulated Bitcoin holdings to 607,770 BTC. MicroStrategy’s average cost basis across its entire position stands at $71,756 per coin, reflecting a cumulative investment of approximately $43.6 billion in the leading cryptocurrency. This reinforces MicroStrategy’s status as the world’s largest public holder of Bitcoin.
Separately disclosed in recent SEC filings, senior executive Wei-Ming Shao sold approximately $4.9 million worth of MicroStrategy shares. This move follows a previous sale by Shao totaling $25.7 million, likely indicating routine portfolio management unrelated to the company’s treasury strategy.
MicroStrategy’s continued aggressive accumulation strategy is viewed as a significant vote of confidence in Bitcoin within the institutional investment community, potentially influencing adoption trends and market dynamics by solidifying Bitcoin’s identity as a reserve asset.
Notably, Bitcoin’s price remained above the $116,000 threshold despite market volatility surrounding the timing of MicroStrategy’s large purchase, suggesting the transaction was absorbed by the market without causing significant disruption.