MicroStrategy founder Michael Saylor announced on this (11th) evening that between August 4th and 10th, MicroStrategy added 155 bitcoins at a price of $18 million, with an average purchase cost of approximately $116,401 per bitcoin.
After this additional purchase, MicroStrategy's bitcoin holdings reached 628,946 bitcoins, with a total purchase cost of $46.1 billion, and an average purchase price of $73,288 per bitcoin, which is far lower than the current bitcoin market price.
Community Curiosity: Why So Few?
Notably, MicroStrategy's purchase of only 155 bitcoins has sparked community curiosity about "why so few?" Previously, MicroStrategy would spend tens or even hundreds of millions of dollars buying bitcoin to fulfill its long-term buy-and-hold commitment. This small purchase has led to various speculations: First, does MicroStrategy lack sufficient funds to buy bitcoin? Second, is this a symbolic purchase, with MicroStrategy possibly predicting a bitcoin pullback and choosing to wait for a better entry point? Third, with unrealized gains on bitcoin exceeding $30 billion, MicroStrategy may no longer need to make large purchases to realize substantial profits, and might not make significant additional purchases in the future?
However, some defend MicroStrategy, noting that the company recently spent $2.46 billion to add bitcoin and may be taking a temporary break.
MicroStrategy's Ammunition is Sufficient
The latter two speculations remain unconfirmed. However, regarding whether MicroStrategy has sufficient funds to purchase bitcoin, the company's announcement has actually provided an answer. According to the announcement, MicroStrategy can still raise funds under its ATM plan:
- $17 billion Common ATM limit
- $20.4 billion STRK ATM limit
- $1.8 billion STRF ATM limit
- $4.1 billion STRD ATM limit
- $4.2 billion STRC ATM limit
MSTR Pre-market Up 2%
According to Google Finance data, despite the community's doubts about the small purchase, MicroStrategy's stock still slightly increased by 2% before market opening, with a pre-market price of $403 and a market value of $112 billion.
