MicroStrategy announced on Monday that it has purchased 4,871 Bitcoins for $330 million. The acquisition, made at an average price of approximately $67,700 per coin, marks the company's return to its aggressive crypto accumulation strategy following a one-week pause.
According to reports from Decrypt and CoinDesk, the funds for this purchase were primarily sourced from the company's issuance of variable-rate preferred shares (STRC). Last week, MicroStrategy raised significant capital through this vehicle, with STRC issuances totaling $227 million, while common stock accounted for only $72 million. The company tends to issue more shares when the market price of these preferred shares exceeds their $100 par value to maintain price stability; this threshold was triggered for four consecutive trading days last week.
Prior to this latest purchase, MicroStrategy had just concluded a 13-week streak of consecutive buying, during which it acquired a total of 90,831 Bitcoins. Michael Saylor, the company's co-founder and executive chairman, posted an image on social media Sunday with the brief caption: "Back to Work."
Financial Pressure and Market Performance
Despite the relentless pace of accumulation, MicroStrategy is facing financial headwinds. According to a financial update released on Monday, the value of its Bitcoin holdings saw a $14.46 billion impairment in the first quarter of 2026, surpassing the $12.4 billion loss recorded in the fourth quarter of last year. Since the company began its Bitcoin strategy in 2020, its average cost basis per coin has reached $75,600, meaning that at Monday's market prices, the firm is sitting on an unrealized loss of approximately $4.9 billion.
Reflecting these pressures, the company's stock price fell 2.4% in pre-market trading on Monday to roughly $199. Over the past six months, the stock has plummeted by 65%. Meanwhile, Bitcoin has shown signs of a rebound; according to CoinGecko, the asset rose 4.1% on the day to $69,480, though it remains 44% below its all-time high of $126,000 reached last year.
Currently, MicroStrategy holds nearly 767,000 Bitcoins, with a total value of approximately $53.3 billion. Despite concerns regarding its financial losses, data from the prediction market Myriad indicates that traders believe there is only a 13% chance the company will sell off its Bitcoin this year, down from a previous estimate of 17%.
