MicroStrategy Bought 11,931 More Bitcoin For $786 Million

MicroStrategy Bought 11,931 More Bitcoin For $786 Million
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MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 11,931 BTC at a total cost of $786 million.
BREAKING: MicroStrategy buys an additional 11,931 #Bitcoin for $786 million. pic.twitter.com/H7XN5XtBtK
— Bitcoin Magazine (@BitcoinMagazine) June 20, 2024
On June 18, MicroStrategy completed a private offering of convertible senior notes, which included a 2.25% coupon and an approximately 35% conversion premium over the U.S. composite volume weighted average price of MicroStrategy’s class A common stock. The offering was well received in the marketplace and upsized to a total of $800.0 million in aggregate principal amount, MicroStrategy stated. This amount included the exercise by the initial purchasers of their option to purchase $100.0 million of additional notes, resulting in net proceeds from the offering to MicroStrategy to be approximately $786.0 million.
“On June 20, 202

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