MicroStrategy Inc. Purchases 4,020 BTC, Increases Holdings to 580,250 BTC
MicroStrategy Inc. (NASDAQ: MSTR) has disclosed the purchase of an additional 4,020 BTCbetween May 19 and May 25, 2025, bringing its total bitcoin holdings to 580,250 BTC. The purchase was funded by US $427M in proceeds from its ongoing at-the-market (ATM) equity offering.
According to the company’s announcement, during the same period it sold approximately 847,000 shares, generating US $348.7M in net proceeds. The transaction forms part of MicroStrategy Inc.’s continued capital allocation strategy centered around aggressive bitcoin accumulation.
Strategic Context
This latest purchase reinforces MicroStrategy Inc.’s role as the world’s largest corporate holder of bitcoin. Based on current market pricing of approximately US $109,700 per BTC, the company’s total holdings are valued at approximately US $63.7B.
MicroStrategy Inc. now holds roughly 2.76% of all bitcoin that will ever exist, further cementing its position as the leading public market proxy for long-term bitcoin exposure.
Market Reaction and Positioning
With a current market capitalization of US $103.02B, MicroStrategy Inc. is trading at a ~61.8% premium to the market value of its BTC holdings. This suggests that investors continue to ascribe structural value to the company’s vehicle status, liquidity, and access to capital—beyond the pure underlying asset.
For comparative context, no other public entity holds a comparable quantity of bitcoin. The company’s capital strategy is to repeatedly raise equity to accumulate BTC, has effectively transformed it from a software business into a reserve-heavy digital asset holding company.
ArcStone’s View
MicroStrategy Inc.’s latest BTC acquisition illustrates the sustained investor appetite for equity-based access to bitcoin. With over US $60B in bitcoin on balance sheet and no operating business driving comparable cash flows, MicroStrategy Inc. continues to function as a highly levered BTC exposure vehicle—reflected in its premium to NAV.
This model remains a key reference point for other bitcoin-aligned companies, including those like American Bitcoin Corp., which are combining bitcoin reserve strategies with productive infrastructure. MicroStrategy Inc.’s scale, capital markets access, and consistent strategy execution continue to shape how equity markets value long-term bitcoin accumulation models.
About ArcStone Securities and Investments Corp.
ArcStone Securities and Investments Corp. is a leading financial services firm specializing in capital markets, corporate finance, and strategic advisory services. We assist clients in raising growth capital, navigating IPOs and RTOs, and executing mergers and acquisitions with precision and expertise. Additionally, we provide comprehensive debt financing solutions and a wide range of financial services to meet the unique needs of our clients. Our dedicated team of professionals offers tailored solutions to help businesses achieve their financial objectives and thrive in a competitive market. Discover how ArcStone can support your growth journey by visiting our website at arcstoneglobalsecurities.com.
ArcStone Financial Pulse Team
Stay informed with the latest market trends and investment insights from ArcStone Securities and Investments Corp. Subscribe to our newsletter for more detailed reports and analysis.
