Crypto Daily – MicroStrategy has further solidified its position as the largest corporate holder of by acquiring 11,931 BTC for $786 million, bringing its total holdings to 226,331 BTC valued at nearly $15 billion.
Acquisition Details
MicroStrategy, the largest corporate holder of Bitcoin (BTC), has acquired an additional 11,931 BTC for $786 million. The purchase was confirmed through a press release on Thursday morning and detailed in a United States Securities and Exchange Commission (SEC) Form 8-K filing. This acquisition brings the company’s total Bitcoin holdings to 226,331 BTC, worth approximately $14.4 billion at the current Bitcoin price of around $64,000.
Funding the Purchase
MicroStrategy completed a private offering of convertible senior notes to finance this acquisition on June 18, 2024. The offering initially aimed to raise $500 million but was upsized due to strong demand, eventually closing at $800 million in aggregate principal amount. The…
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