MicroStrategy Acquires 592 More Bitcoin: Total Holdings Surpass 717,000

$39.7 Million Raised Through Share Sales MicroStrategy Inc.
has announced a new acquisition to expand its Bitcoin portfolio, which it positions as a strategic reserve asset.
Between February 17 and February 22, the company sold 297,940 Class A shares through its at-the-market (ATM) offering program.
These transactions resulted in net proceeds of approximately $39.7 million.
Details of the Bitcoin Purchase The entire proceeds were used directly for the purchase of Bitcoin.
According to the company's statement, 592 Bitcoin were acquired for a total of $39.8 million, including transaction costs.
This purchase was executed at an average price of $67,286 per Bitcoin.
Total Holdings and Cost Analysis With these latest acquisitions, MicroStrategy’s total Bitcoin holdings have risen to 717,722 BTC.
The total acquisition cost for all assets in the company's portfolio is recorded at $54.56 billion.
When considering all holdings, the average cost per Bitcoin in the company's portfolio is reported to be approximately $76,020.