MicroStrategy Increases Bitcoin Holdings, Purchases Over 15,000 BTC, Market Cap Surpasses $1 Trillion
MicroStrategy announced that between April 21 and 27, it invested $1.42 billion to purchase 15,355 bitcoins at an average price of $92,737 each. This brings its total bitcoin holdings to 553,555, with a total purchase cost of $37.9 billion.
Currently, the average cost of the bitcoins held by MicroStrategy is $68,459, showing an estimated paper profit of about $12.9 billion. The funding for this bitcoin increase came from the $1.4 billion raised by the company through a stock issuance. The company’s stock, MSTR, has rebounded alongside the resurgent cryptocurrency market, reaching $369.25 on April 9, reflecting a 27.59% increase in the past month.
Founder Michael Saylor stated on social media platform X that once banks finally recognize bitcoin, everyone will want to buy it, and it will become unaffordable.
