MicroStrategy Resumes Bitcoin Buying With $370M Purchase After Two-Month Pause
In brief
- MicroStrategy bought 4,603 Bitcoin worth $370 million after two-month pause
- Average purchase price reached approximately $80,318 per BTC
- Total Bitcoin holdings now reach 845,050 BTC
- Firm also increased cash reserves by $29 million and repurchased $152 million in STRC stock
Return to Bitcoin Accumulation
Strategy halted its aggressive Bitcoin buy strategy for approximately two months, instead prioritizing cash reserve growth. The latest purchase signals a return to its core treasury strategy. The Bitcoin was acquired at an average price of about $80,318 per coin, reflecting current market conditions during the accumulation period.
Alongside the Bitcoin purchase, Strategy boosted its cash reserves by $29 million and repurchased approximately $152 million worth of STRC, its preferred stock. These moves reflect a balanced approach to capital deployment.
Treasury Metrics and Market Position
The transactions brought Strategy's USD reserve to about $5.10 billion and USD cash to $1.61 billion. The Bitcoin purchase increased the firm's U.S. dollar duration to 4.0 years, a key metric for treasury management. Strategy's STRC BTC credit stood at 56 basis points following the transaction.
The move has generated mixed reactions within the crypto community. Some view the return to aggressive accumulation as a bullish signal from one of Bitcoin's largest institutional holders, while others remain skeptical of the timing and execution strategy. Strategy's holdings now represent a significant portion of circulating Bitcoin supply, making each purchase announcement a closely watched market event.
