Strategy (formerly MicroStrategy), the largest Bitcoin holding company among listed companies, issued an announcement on September 2, announcing that the company spent another US$449.3 million to buy 4,048 Bitcoins between August 26 and September 1, with an average purchase price of approximately US$110,981.
As of now, MicroStrategy's Bitcoin holdings have risen to 636,505, with a total expenditure of approximately US$46.95 billion and an average purchase price of US$73,765 per Bitcoin.
MicroStrategy ATM Program Update
MicroStrategy added that the funds for this Bitcoin purchase still come from its ATM fundraising plan. And after this fundraising, the ATM plan still has room for operation (a total of US$46.86 billion):
- STRF ATMs: $1.795 billion
- STRC ATMs: $4.2 billion
- STRK ATM: $20.391 billion
- STRD ATM: $4.168 billion
- MSTR ATMs: $16.306 billion
MSTR has fallen 14% in the past month.
However, it is worth noting that after Bitcoin hit an all-time high of $124,500 in mid-August, it has continued to decline and has fallen below $110,000 at the time of writing. This has also caused MicroStrategy, which relies on Bitcoin to support its stock price, to see its stock price decline in the past month. The decline has reached 14% in the past month, and its market value has fallen back to $96 billion.
