Michael Saylor’s MicroStrategy has completed its 101st Bitcoin purchase, boosting its total holdings to over 720,000 BTC. The company acquired 3,015 Bitcoin for $204.1 million last week, according to a U.S. Securities and Exchange Commission filing.
The average purchase price for this latest acquisition was $67,700 per BTC, a figure significantly below the company’s average acquisition price of $75,985. This brings MicroStrategy's total holdings to 720,737 BTC, acquired at a cost of approximately $54.8 billion.
This purchase marks another instance of MicroStrategy acquiring Bitcoin below its average cost basis. Data from SaylorTracker, which monitors the company's Bitcoin acquisitions, indicates this strategy has been employed on several occasions, including a purchase of 1,142 BTC on February 9th when market prices dipped.
MicroStrategy shares saw a modest rise last week, moving from around $125 to nearly $130. Bitcoin, meanwhile, traded largely flat, fluctuating around the $65,000 mark. Separately, MicroStrategy chairman Saylor announced an increase in the dividend on its STRC preferred stock, capital from which can be used for corporate purposes, including Bitcoin acquisitions.