Key Takeaways
- MicroStrategy purchased another 9,245 bitcoins for $623 million, and now holds over 1% of all bitcoins.
- The company has invested $7.53 billion in Bitcoin.
- The average of the company's price per bitcoin is $35,160.
MicroStrategy has announced the purchase of approximately 9,245 bitcoins for around $623 million, with an average price of $67,382 per bitcoin.
This acquisition was funded through its recent convertible senior notes offering and excess company cash.
Strategic accumulation
The company, led by CEO Michael Saylor, now holds approximately 214,246 bitcoins, acquired at an average price of $35,160 per bitcoin.
With this latest purchase, MicroStrategy has invested $7.53 billion in Bitcoin and now owns more than 1% of the total supply.
Bullish on Bitcoin
Despite market volatility, MicroStrategy remains committed to holding Bitcoin as its primary corporate treasury asset.
Saylor’s confidence in Bitcoin’s long-term trajectory is unwavering, as the company continues to raise funds for further accumulation through debt and equity issuance.
