MicroStrategy Adds 3,081 BTC Despite Market Volatility, Now Holds Over 632K Coins

MicroStrategy (MSTR) continued its aggressive Bitcoin accumulation strategy last week, purchasing 3,081 BTC for approximately $356.9 million. The average purchase price was $115,829 per coin, with the majority of the funding sourced from recent common stock sales.

The latest acquisition brings the company’s total Bitcoin holdings to 632,457 BTC, accumulated at a cost basis of $46.5 billion—an average of $73,527 per coin. At current market prices near $111,000, the total value of its holdings stands at around $70.2 billion.

The company raised $300.9 million through common stock issuance to finance the bulk of the purchase. The remainder came from smaller sales of three out of four preferred stock offerings.

However, the latest move has sparked criticism from some quarters of the Bitcoin community. Critics pointed to a shift in MicroStrategy’s stance, as the firm had previously pledged not to issue common stock below 2.5x market net asset value (mNAV). With MSTR trading below 2x mNAV in recent weeks amid pressure on both the stock and BTC price, the revision has not gone unnoticed.

Pre-market, MSTR shares were down over 4%, in line with Bitcoin’s broader decline.