MicroStrategy Acquires 4,871 Additional Bitcoin for $330 Million

MicroStrategy has announced the acquisition of an additional 4,871 Bitcoin, valued at approximately $330 million. This latest purchase brings the company's total treasury holdings to nearly 767,000 BTC, with the total market value of these reserves reaching $58 billion. The acquisition was primarily funded through the proceeds of sales from the company’s STRC preferred stock, which carries an 11.5% dividend rate. This move extends the company's aggressive buying streak throughout the second quarter (Q2) of the year. The strategy underscores MicroStrategy's ongoing commitment to using capital markets to accumulate Bitcoin as a primary reserve asset. Analysts view this continued institutional accumulation as a signal of long-term confidence in the cryptocurrency market, despite the significant financing costs associated with the preferred shares.