MicroStrategy Acquires 12,000 More BTC With Convertible Senior Notes Proceeds
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MicroStrategy (MSTR) has purchased 12,000 more bitcoin (BTC) mostly funded by the $782 million raised from its recent convertible deft offering.
The software firm, founded by staunch bitcoin advocate Michael Saylor, now holds 205,000 BTC worth around $14.7 billion. MicroStrategy acquired its latest batch of BTC for ~$68,477 per coin, Saylor said in a post on X on Monday. In total, the company acquired the bitcoin for $821.7 million, using the proceeds from the debt raise and excess cash.
