MicroStrategy has expanded its Bitcoin treasury by acquiring 1,665 BTC for $142.7 million. The purchase, executed between Monday and Sunday, brought the company's total holdings to 847,666 BTC. The average acquisition price for this latest batch was $85,681 per coin.
The company funded this acquisition by selling 1.47 million MSTR shares, which generated net proceeds of $246.2 million. Beyond the Bitcoin purchase, MicroStrategy allocated $103.5 million to repurchase its STRC preferred stock. In total, the firm spent $151.7 million to buy back 1.53 million STRC shares.
To cover the STRC repurchases, the company utilized $48.1 million from its cash reserves. Following these transactions, the firm's USD cash balance decreased from $1.05 billion to $1 billion. Additionally, its reserve for dividends and debt interest fell to $5.02 billion after $22.1 million in dividend payments.
To date, MicroStrategy has invested a total of $63.95 billion into its Bitcoin stack. The cumulative average purchase price across all holdings stands at $75,437 per Bitcoin, inclusive of all fees and expenses.
