STRC issuance, ATM expansion, and BTC buys resumption (Q1 762k + Apr 4,871k + est 900; total ~767,870)
Key Questions
What recent Bitcoin purchase did MicroStrategy make?
MicroStrategy resumed buying Bitcoin with 4,871 BTC acquired for approximately $330 million using ATM offering proceeds between March 30 and April 5. This purchase followed a reopening of their ATM program, bringing total holdings to around 767,870 BTC.
How many Bitcoin does MicroStrategy hold after the latest purchase?
MicroStrategy's total Bitcoin holdings are approximately 767,870 BTC, including Q1 additions of 762,000 BTC, April's 4,871 BTC, and an estimated 900 BTC at the week start post-April 5. The holdings are valued at about $58.1 billion with an average purchase price of $75,650.
What is MicroStrategy's reported unrealized loss for Q1?
MicroStrategy reported a $14.46 billion unrealized loss on its digital assets for Q1. This loss was reconfirmed amid the latest purchases, despite year-to-date hype around 91,000 BTC gains.
How did MicroStrategy's stock perform after the announcement?
MicroStrategy's stock showed resilience, gapping up and rising amid Bitcoin's retreat, outperforming peers. It jumped 4% in the morning session following the purchase news, with Apyx increasing to 450,000 shares.
What funding source did MicroStrategy use for the recent BTC buy?
The 4,871 BTC purchase was funded by $330 million in proceeds from a reopened ATM offering, netting $227 million after costs. This aligns with their strategy of using convertible notes and equity issuances.
What is Michael Saylor's stance on Bitcoin via tweets?
Michael Saylor promoted STRC as a safe haven through tweets. This hype accompanies the buying resumption amid conflicting reports and bearish FUD on ponzi risks.
How significant are MicroStrategy's YTD Bitcoin gains?
MicroStrategy gained 24,675 BTC year-to-date, worth about $1.7 billion, representing 2.2 times the natural market supply according to flow analysis. However, buys contrast with miners selling in a supply tug-of-war.
What risks or criticisms are associated with MicroStrategy's strategy?
Bearish FUD highlights STRC ponzi risks, with holdings now at 2.2x natural supply potentially creating noise rather than shock. Despite this, stock resilience persists versus peers.
STRC $100.01-100.02 hit reopening ATM $330M/$227M proceeds Mar30-Apr5 for +4,871 BTC @67,718 + est 900 week start post-Apr5; total ~767,870 BTC $58.1B $75.65k avg/Q1 $14.46B unreal loss reconfirmed; hype aligns YTD ~91k but conflicting reports; Saylor tweets STRC promo/safe haven; Apyx to 450k shares; stock resilient vs peers amid BTC retreat; bearish FUD on STRC ponzi risks; buys contrast miners selling/supply tug-of-war.