Strategy Revives Bitcoin Buying, Raising Total Holdings to 478,740 BTC.

MicroStrategy Purchases $742.4 Million in Bitcoin, Raising Holdings to 478,740 BTC

MicroStrategy (MSTR) has once again increased its bitcoin (BTC) holdings, purchasing an additional 7,633 BTC worth $742.4 million, bringing its total to 478,740 BTC. This acquisition marks a return to bitcoin purchases after a brief hiatus last week.

The company’s latest purchase took place in the week ending February 9, with an average price of $97,255 per BTC. This raised MicroStrategy’s overall average purchase price to $65,033 per bitcoin.

The company refrained from buying bitcoin in the previous week ending February 2, likely due to a blackout period coinciding with its earnings report. MicroStrategy reported a net loss of $3.03 per share for the fourth quarter on February 6, a significant drop from last year’s income of $0.50 per share.

The funds for this bitcoin acquisition came from the sale of shares under a sales agreement, as well as proceeds from the perpetual preferred equity offering by Strike (STRK).

As in previous announcements, Executive Chairman Michael Saylor teased the purchase with a post on X: “Death to the blue lines. Long live the green dots.”