MicroStrategy Buys 1,375 Bitcoin, Holdings Reach 639,835 BTC
MicroStrategy Bitcoin acquisition continues as the firm added 525 BTC at an average price of $114,562 and later purchased 850 BTC at $117,344 each. These MicroStrategy Bitcoin purchases raise total holdings to 639,835 BTC, representing over 3% of the circulating supply. Since 2020, the company has invested $47.3 billion at an average cost of $73,971 per BTC, generating more than $25 billion in unrealized gains and a 25.9% YTD return. The latest buys were funded through sales of MSTR common stock and STRF perpetual preferred shares under its “42/42” financing plan, which aims to raise $84 billion by 2027. Despite its strong Bitcoin portfolio performance, MicroStrategy remains excluded from the S&P 500, a decision analysts attribute to lingering bias against institutional Bitcoin exposure.
Bullish
MicroStrategy’s continued Bitcoin purchases underline strong institutional demand and confidence, reducing available supply and signalling bullish sentiment. In the short term, large-scale acquisitions can support upward price momentum as traders anticipate further demand. Over the long term, a sustained ‘42/42’ financing plan and rising unrealized gains reinforce market stability and encourage other institutions to follow suit, further buoying Bitcoin’s price.