MicroStrategy (MSTR) announced that it restarted its Bitcoin accumulation strategy, buying 1,587 BTC for approximately $100 million between June 8 and June 14 at an average price of $63,024 per coin.
Acquisition Details
The purchase added to MicroStrategy’s existing reserve, bringing the total Bitcoin holding to 846,842 BTC. At today’s market price of roughly $66,000 per BTC, the portfolio is valued near $56 billion, while the company’s average cost basis stands at $75,656 per coin, indicating a cumulative outlay of about $64 billion. The transaction also boosted the firm’s cash reserve to $1.1 billion.
Share Price Reaction
Following the disclosure, MSTR shares climbed roughly 5 percent in pre‑market trading, aligning with Bitcoin’s price hovering just above the $66,000 mark. Investors appear to view the continued Bitcoin exposure as a bullish signal despite the unrealized loss relative to the company’s average acquisition cost. The equity market response underscores confidence in MicroStrategy’s long‑term blockchain strategy.
Strategic Position in the Crypto Market
With its expanded Bitcoin stash, MicroStrategy remains the world’s largest corporate holder of the cryptocurrency, controlling about 4 percent of the total supply cap. The funding for the latest purchase originated from a $209 million equity raise, achieved by selling roughly 1.