Strategy Reinitiates Bitcoin Purchases, Expanding Holdings to 478,740 BTC.

MicroStrategy Invests $742.4 Million in Bitcoin, Boosting Holdings to 478,740 BTC

MicroStrategy (MSTR) has made another significant investment in Bitcoin, purchasing $742.4 million worth of the cryptocurrency, which brings its total holdings to 478,740 BTC. This marks the company’s return to acquiring bitcoin after a brief pause the previous week.

The purchase, completed during the week ending February 9, involved 7,633 BTC at an average price of $97,255 per coin. As a result, MicroStrategy’s overall average purchase price has increased to $65,033 per BTC.

The company had paused purchases in the week ending February 2, likely due to a blackout period surrounding its earnings report. On February 6, MicroStrategy reported a fourth-quarter net loss of $3.03 per share, compared to earnings of $0.50 per share a year earlier.

This bitcoin acquisition was funded by proceeds from a share sale agreement and a perpetual preferred equity offering by Strike (STRK). In typical fashion, Executive Chairman Michael Saylor teased the purchase in a post on X: “Death to the blue lines. Long live the green dots.”

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