Key facts
- MicroStrategy acquired 250 Bitcoin for $21.5 million, increasing its total holdings to 848,250 BTC.
- The company's total Bitcoin holdings were purchased for nearly $64 billion at an average cost of $75,444 per coin.
- MicroStrategy repurchased $192.4 million of STRC preferred stock.
- The company reported $4.88 billion in USD reserves for preferred dividends and debt interest, and $640.5 million in additional cash.
MicroStrategy announced on Monday that it acquired an additional 250 Bitcoin for $21.5 million, bringing its total holdings to 848,250 BTC. The purchase, made between October 5 and October 11 at an average price of $86,194 per coin, was funded by at-the-market offerings and USD cash reserves.
The company also repurchased $192.4 million of its variable-rate Stretch preferred stock (STRC). MicroStrategy's total Bitcoin holdings were acquired for nearly $64 billion at an average cost of $75,444 per coin, with current holdings valued at over $70 billion.
As of October 11, MicroStrategy held $4.88 billion in a U.S. dollar reserve for preferred dividends and debt interest, alongside $640.5 million in cash. Executive chairman Michael Saylor confirmed the company's Bitcoin holdings and total USD assets.