The post Microstrategy Has Acquired an Additional 11,931 Bitcoin for ~$786.0M appeared first on Coinpedia Fintech News
MicroStrategy has just dialed up its Bitcoin game again, acquiring an additional 11,931 Bitcoin, valued at a whopping $786 million. The acquisition was strategically funded through convertible notes and surplus cash, averaging a buy-in at around $65,883 per bitcoin.
As of June 20, MicroStrategy’s vaults are bulging with an astounding 226,331 bitcoins, accumulated at an average price of $36,798 each. This massive trove was built with a total investment of nearly $8.33 billion. Michael Saylor, the company’s founder and chairman, might as well be the poster child for Bitcoin hype.
MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per #bitcoin. As of 6/20/24, $MSTR hodls 226,331 $BTC acquired for ~$8.33B at average price of $36,798 per bitcoin.https://t.co/jE9dGqqnON
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