MicroStrategy Extends Bitcoin Buying Streak to 11 Weeks as MSTR Stock Recovers
Key Facts
MicroStrategy has completed its 11th consecutive weekly Bitcoin purchase, acquiring an additional 17,994 BTC for approximately $1.3 billion. This latest move brings the firm's total holdings to 738,731 BTC, with a cumulative investment cost reaching a staggering $56.04 billion. Following the announcement, MicroStrategy’s stock (MSTR) rose significantly, paring the majority of its earlier premarket losses. The company's total portfolio now carries an average purchase price of $75,862 per coin, representing over 3.4% of the total global Bitcoin supply. This aggressive and consistent accumulation strategy underscores the firm's commitment to using Bitcoin as its primary treasury reserve asset. The ongoing institutional absorption continues to tighten market liquidity, reinforcing long-term confidence in the digital asset's value proposition.
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