MicroStrategy, which is closely watched by the cryptocurrency markets, purchased 13,927 Bitcoins in the last week. According to the statement, the company made this purchase at an average price of $ 71,902 and spent approximately $ 1 billion in total.
Financing and transaction details of the new acquisition
Michael Saylor is at the helm of MicroStrategy, and the company stands out as one of the organizations holding the largest Bitcoin reserves among publicly traded institutions. The latest investment was financed entirely with $1 billion in revenue from the sale of newly issued preferred shares called Stretch (STRC).
With the purchase, the total amount of Bitcoin held by MicroStrategy reached 780,897 BTC. The total price paid by the company for Bitcoin to date is approximately 59.02 billion dollars. Thus, the average cost is $75,577 per Bitcoin.
This transaction by MicroStrategy is seen as a step compatible with the institution’s aggressive Bitcoin policy in the market and shows that it continues its long-term investment strategy.
Price movements and market repercussions
Following this development, Bitcoin price has stabilized just below the $71,000 level. Successive corporate purchases in recent days have contributed to keeping the BTC price at high levels in the market.
On the other hand, a decline of over 2.5 percent in MicroStrategy shares was observed in pre-market transactions. It is considered that this decline in the stock price is due to the short-term profit realization of investors and the effects of the new fund raising process.
According to current data in the market, MicroStrategy prefers to move forward without giving up its Bitcoin collection strategy. The large purchases made by the company are watched with great interest in the cryptocurrency industry.
There has been a significant growth in the company’s total Bitcoin portfolio with the latest purchase. In this case, it can be said that both institutional investors’ trust in cryptocurrencies and MicroStrategy’s long-term approach are effective.
While Bitcoin’s fluctuating movement near the $ 70,000 level continues, such transactions of major players such as MicroStrategy are closely followed in the market. In particular, the increase in institutional interest in crypto assets has become one of the striking factors throughout the sector.
