MicroStrategy, the world's largest corporate holder of Bitcoin, has purchased an additional 3,015 BTC for $204 million. This acquisition increases the firm's total digital asset reserves to 720,737 coins, valued at over $47 billion.
The purchase, averaging $67,700 per coin, was made between February 23 and March 1. This marks the company's 101st Bitcoin acquisition.
MicroStrategy's total Bitcoin holdings now have a cost basis of $54.7 billion, or approximately $75,985 per coin. With Bitcoin trading below this average, the company is facing an estimated unrealized loss of $7.2 billion.
The firm funded this latest purchase by selling 1.7 million shares of Class A common stock, generating nearly $230 million in net proceeds, and issuing 71,590 shares of its variable-rate STRC preferred stock for over $7 million.