MicroStrategy (MSTR) has done it again. The business intelligence firm has announced its fourth consecutive weekly Bitcoin purchase, acquiring an additional 3,081 BTC for $356.9 million. This massive buy solidifies its position as the world’s leading corporate Bitcoin treasury, now holding over 3% of Bitcoin’s entire finite supply.
The Details of the Latest Purchase
The company paid an average price of $115,829 per Bitcoin, bringing its total stash to a staggering 632,457 BTC. MicroStrategy’s average purchase price remains a competitive $73,527 per bitcoin, meaning its holdings are still deeply in profit with a 25.4% year-to-date yield.
Notably, the company funded this purchase primarily through the sale of MSTR stock, a move that comes just one week after it issued new guidance suggesting it would avoid such sales when certain metrics were low. This demonstrates an aggressive, unwavering commitment to accumulating BTC regardless of short-term market conditions.
The Contradiction: MSTR Stock Struggles
While the company is bullish on Bitcoin, its own stock (MSTR) is facing significant headwinds.
- The stock is down over 4% in pre-market trading.
- It has pared its year-to-date gains to just 19%.
- Over the last month, MSTR is down over 15%.
This decline occurs even as the company continues to execute its Bitcoin acquisition strategy. The stock is currently trading well below the threshold (4.0x mNAV) where MicroStrategy said it would be comfortable actively selling shares to buy more BTC.
Saylor’s “Bitcoin is on Sale” Mentality
The purchase follows a classic hint from Executive Chairman Michael Saylor, who posted the company’s BTC portfolio tracker on social media with the declaration: “Bitcoin is on sale.”
This mentality—viewing price dips as buying opportunities rather than setbacks—has been the cornerstone of MicroStrategy’s entire strategy. Despite the recent downturn in both BTC’s price and its own stock, the company is clearly sticking to its long-term playbook, using every available tool to increase its Bitcoin holdings.
