Michael Saylor’s MicroStrategy company, as the world’s largest publicly traded Bitcoin holder, purchased 3,273 BTC for $255 million between April 20-26. According to the 8-K filing with the SEC, this purchase increased total holdings to 818.334 BTC. The average purchase price was $77,906, while the company’s BTC cost average reached $75,537. The total BTC acquisition cost is approximately $61.8 billion, and the current market value is around $63.6 billion according to CoinGecko data.
MicroStrategy BTC Purchases: Financing and Comparison
The purchase was financed by selling 1.45 million Class A common shares (MSTR) instead of the company’s STRC perpetual preferred security. This contrasts with the previous week’s purchase of 34.164 BTC. MicroStrategy leads by surpassing BlackRock’s 812.300 BTC holdings, but remains below the total 1.32 million BTC of crypto funds. 144.551 BTC has been acquired year-to-date.
- Total BTC: 818.334 (world’s largest publicly traded)
- Average Cost: $75.537
- YTD Purchases: 144.551 BTC
BTC Technical Analysis: Critical Support and Resistance Levels
BTC price is currently at $76,656.10 level, 24h change -1.78%. Although RSI 57.75 gives an uptrend signal, Supertrend is bearish. EMA 20: $75,266.
- Supports: S1 $73,648 (⭐ Strong, -4.09%), S2 $75,711 (⭐ Strong, -1.41%)
- Resistances: R1 $77,668 (⭐ Strong, +1.14%), R2 $81,958 (⭐ Strong, +6.73%)
For more details, check BTC detailed analysis and BTC futures.
Frequently Asked Questions About MicroStrategy’s BTC Strategy
Q: Why is MicroStrategy buying so much BTC?
A: The company sees BTC as a hedge against inflation; Saylor’s vision is to strengthen treasury reserves.
Q: How do BTC purchases affect MSTR stock?
A: Although financed by share sales, MSTR trades at a premium during BTC rallies.
Q: How does it compare to BlackRock?
A: MicroStrategy leads with 818K BTC, BlackRock trails at 812K.
Source: https://en.coinotag.com/microstrategy-bought-3273-btc-total-818k-btc
