MicroStrategy’s Bitcoin Holdings Hit $63.46 Billion Record

MicroStrategy's Bitcoin holdings have reached a new record of $63.46 billion as of April 26, with the company holding 815,061 BTC acquired through 107 purchase events at an average cost of $75,528 per coin. The company's treasury gained nearly $2 billion in the past week due to Bitcoin's rally. MicroStrategy recently made its largest single-week purchase in 17 months, adding 34,164 BTC for approximately $2.54 billion at an average price of $74,395 per coin. This acquisition positions MicroStrategy as the largest publicly disclosed Bitcoin holder, surpassed only by dormant wallets attributed to Satoshi Nakamoto. The firm's cost basis is $75,528, resulting in an unrealized gain of 3.08%, or $1.9 billion. The recent buying spree was financed through preferred equity and at-the-market sales of MSTR shares, not dilutive stock issuance. Executive Chairman Michael Saylor indicated continued accumulation, highlighting a 9.5% year-to-date Bitcoin yield for shareholders. Despite some criticism regarding the sustainability of this strategy, MicroStrategy appears poised to continue its buying pace, with a potential one million BTC target in analyst discussions.

(Source：BeInCrypto)