MicroStrategy Acquires 9,245 Bitcoin For $623M, Holds 214,246 BTC
MicroStrategy has announced another substantial purchase of Bitcoin. According to a tweet by the company’s former CEO, Michael Saylor, MicroStrategy has purchased an additional 9,245 BTC for approximately $623 million.
According to the details, the company utilized proceeds from convertible notes and excess cash. The average purchase price for this latest acquisition stands at around $67,382 per Bitcoin.
Key points:
- MicroStrategy acquires an additional 9,245 BTC for approximately $623 million.
- The average purchase price for this latest acquisition is around $67,382 per bitcoin.
- As of March 18, 2024, MicroStrategy holds a total of 214,246 BTC, acquired for roughly $7.53 billion at an average price of $35,160 per Bitcoin.
- The company’s last Bitcoin purchase was 12,000 coins for $821.7 million, with an average purchase price of $68,477.
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MicroStrategy now holds 214,246 Bitcoin
This recent acquisition further solidifies MicroStrategy’s position as one of the most prominent corporate investors in Bitcoin. As of March 18, 2024, the firm holds 214,246 BTC, acquired for a total of approximately $7.53 billion. The average purchase price across all of MicroStrategy’s Bitcoin holdings now stands at $35,160 per coin.
Prior to this latest acquisition, MicroStrategy’s most recent Bitcoin purchase took place when the company acquired 12,000 coins for $821.7 million.
According to SaylorTracker, a platform that monitors the firm’s Bitcoin investments, the average purchase price for that transaction was $68,477. At present, the value of that specific purchase has decreased by 7.19%, or $59.09 million, to $762.61 million.
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The fresh capital raise and subsequent Bitcoin accumulation represent MicroStrategy’s latest corporate bet on BTC under the leadership of founder and former CEO Michael Saylor.
The tweet by Saylor comes at a time when Bitcoin has plunged below $64,000 in the last 24 hours. BTC is down by 7.2% during this period, as the global crypto market cap has also nosedived by 7.5%.
