US listed company and Bitcoin holdings leader MicroStrategy Strategy (formerly MicroStrategy), announced in a statement yesterday (12th), that the company purchased 13,390 Bitcoins for $1.34 billion between May 5th and May 11th, with an average purchase price of $99,856.
After this additional purchase, the company's total Bitcoin holdings have reached 568,840 Bitcoins, with a total purchase cost of $39.41 billion, and an average purchase price of $69,287 per Bitcoin.
MicroStrategy added that the funds for this Bitcoin purchase still came from stock sales. They sold 3,222,875 MSTR common shares, raising $1.31 billion, with $19.69 billion in stock still available for sale; additionally, they sold 273,987 STRK preferred shares, raising $25.1 million, with $20.85 billion in preferred shares still available for sale.
MicroStrategy stated that its ATM plan still has significant issuance capacity, and will be able to continue expanding fundraising for Bitcoin purchases in the future.
Further Reading: Analyzing MicroStrategy's Bitcoin Buying Behavior and Funding Sources = Enhanced "Grayscale + Luna"
MSTR Stock Performance
With the recent comprehensive rebound in the cryptocurrency market, Bitcoin has been consistently trading above $100,000, and MicroStrategy's stock has also warmed up.
According to Google Finance data, MicroStrategy's stock closed at $404 on May 12th, with a 5-day gain of 6.95%, and its market value has exceeded $110 billion.
Bitcoin Holding at $100,000
At the time of writing, Bitcoin is temporarily reporting at $102,547, but briefly dropped to $100,733 at midnight, seemingly an attempt by major players to clear leverage. Whether BTC can continue to stabilize above $100,000 and further break through resistance to set new historical highs remains worth our continued attention.
