MicroStrategy (MSTR), led by Chairman Michael Saylor, has once again executed a substantial expansion of its Bitcoin reserves. The company announced the acquisition of an additional 855 BTC for roughly $75 million in cash. This purchase occurred during a period of relative market strength, resulting in an average acquisition price of approximately $87,719 per coin for this specific tranche.
This aggressive accumulation strategy maintains MicroStrategy’s position as the world’s largest corporate holder of the digital asset. However, the purchase comes at a time when market volatility has severely tested the firm’s balance sheet. While MSTR’s cumulative holdings now stand significantly above 225,000 BTC, the increasing average cost basis meant that during a recent sharp market correction, the overall valuation of the company’s Bitcoin stash momentarily fell below its aggregate acquisition cost, placing the massive portfolio briefly ‘underwater.’
Despite the temporary dip in paper value, Michael Saylor has consistently dismissed short-term market fluctuations, reiterating that the company’s strategy is predicated on a long-term, multi-decade belief in Bitcoin as the superior treasury reserve asset. The continued use of convertible notes and other financing methods underscores the firm’s unwavering commitment to leveraging capital for further BTC accumulation, regardless of prevailing market price or short-term realized losses.
コメント