MicroStrategy, the largest corporate holder of Bitcoin, plans to make a new cryptocurrency purchase and announce the details on April 21.
New Bitcoin Purchase
MicroStrategy is set to acquire more Bitcoin this week. Sources did not specify whether the latest purchase will be financed by stock issuance or other corporate bonds. Recently, the company added 3,459 BTC to its treasury, purchased at an average price of $82,618.
Expansion of Stock Sale Programs
The stock sales were conducted through existing programs of MicroStrategy. The first allowed for up to $21 billion in sales from October 30, 2024. A second program was launched on March 10, 2025, with the same cap. Currently, $20.97 billion remains available under this program to support the company's aggressive Bitcoin acquisition strategy.
Analysis of Financial Metrics and Analyst Opinions
MicroStrategy's market capitalization is $78.1 billion. However, potential risks exist, such as a current ratio of 0.71 indicating liquidity challenges and a beta of 3.47 implying high volatility. Despite a reported $5.91 billion unrealized loss on Bitcoin holdings for Q1 2025, the company offset part of this with a $1.69 billion income tax benefit. Analyst opinions are mixed: some reaffirm buy recommendations at $650, while others have lowered their targets due to growing reliance on convertible debt.
Thus, MicroStrategy continues to invest actively in Bitcoin, despite market fluctuations and financial risks. The announcement of the next purchase signals further developments in the company’s strategic direction.
