MicroStrategy Boosts Bitcoin Holdings by 1,895 BTC, Total Now 555,450
1min read Bitcoin proxy Strategy has significantly increased its Bitcoin holdings, acquiring 1,895 BTC between April 28 and May 4. This purchase brings the company's total Bitcoin holdings to 555,450 BTC, which represents approximately 2.6% of the total Bitcoin supply. The acquisition was funded through the sale of the company's Class A common stock (MSTR) and Series A preferred stock (STRK).
According to a recent SEC filing, the company sold 353,825 shares of mstr and 575,392 million shares of strk, generating net proceeds of around $180 million. This latest purchase is the fourth consecutive week that Strategy has added more Bitcoin to its portfolio. Previously, the firm had revealed that it had bought $1.4 billion worth of BTC during the week ending April 27.
Bitcoin is currently trading at approximately $94,000, reflecting a 1.5% decrease in the last 24 hours. Market attention is now focused on the upcoming FOMC meeting, where the Federal Reserve is expected to announce its latest interest rate decision. Despite calls from Donald Trump to lower rates, the central bank has indicated it will maintain a cautious approach. The Fed is widely anticipated to keep rates unchanged this week.
Despite the recent pullback in Bitcoin's price, Strategy’s holdings still reflect about $14 billion in unrealized gains. This substantial investment underscores the company's confidence in Bitcoin as a long-term asset, despite the potential for short-term price volatility. The company's aggressive acquisition strategy highlights its commitment to increasing its exposure to Bitcoin, positioning itself as a major player in the cryptocurrency market.
