MicroStrategy bought an additional 10,100 BTC for $1.1 billion at an average price of $105,596, just before a 6% dip below $100,000.
This purchase comes days after the firm’s prior 11,000 BTC acquisition, which elevated its total stash to 461,000 BTC at an average cost of $63,610. The latest transaction brings MicroStrategy’s holdings to an estimated 471,100 BTC, now valued at around $46 billion based on current market data.
The company has financed recent purchases through stock sales, generating the $1.1 billion required. Shareholders also voted to increase authorized Class A common shares from 330 million to 10.3 billion, described in a Bloomberg report.
Michael Saylor, co-founder of MicroStrategy, recently teased this purchase, hinting on social media that the firm remains focused on a Bitcoin-centric treasury strategy amid President Trump’s move toward a ‘digital asset stockpile’ instead.
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