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Michael Saylor's MicroStrategy company, as the world's largest publicly traded Bitcoin holder, purchased 3,273 $BTC for $255 million between April 20-26. According to the 8-K filing with the SEC, this purchase increased total holdings to 818.334 $BTC. The average purchase price was $77,906, while the company's $BTC cost average reached $75,537. The total $BTC acquisition cost is approximately $61.8 billion, and the current market value is around $63.6 billion according to CoinGecko data.
MicroStrategy $BTC Purchases: Financing and Comparison
The purchase was financed by selling 1.45 million Class A common shares (MSTR) instead of the company's STRC perpetual preferred security. This contrasts with the previous week's purchase of 34.164 $BTC. MicroStrategy leads by surpassing BlackRock's 812.300 $BTC holdings, but remains below the total 1.32 million $BTC of crypto funds. 144.551 $BTC has been acquired year-to-date.
- Total $BTC: 818.334 (world's largest publicly traded)
- Average Cost: $75.537
- YTD Purchases: 144.551 $BTC
$BTC Technical Analysis: Critical Support and Resistance Levels
$BTC price is currently at $76,656.10 level, 24h change -1.78%. Although RSI 57.75 gives an uptrend signal, Supertrend is bearish. EMA 20: $75,266.
- Supports: S1 $73,648 (⭐ Strong, -4.09%), S2 $75,711 (⭐ Strong, -1.41%)
- Resistances: R1 $77,668 (⭐ Strong, +1.14%), R2 $81,958 (⭐ Strong, +6.73%)
For more details, check $BTC detailed analysis and $BTC futures.
Frequently Asked Questions About MicroStrategy's $BTC Strategy
Q: Why is MicroStrategy buying so much $BTC?
A: The company sees $BTC as a hedge against inflation; Saylor's vision is to strengthen treasury reserves.
Q: How do $BTC purchases affect MSTR stock?
A: Although financed by share sales, MSTR trades at a premium during $BTC rallies.
Q: How does it compare to BlackRock?
A: MicroStrategy leads with 818K $BTC, BlackRock trails at 812K.