MicroStrategy now holds over 1% of bitcoin's total supply after latest purchase
MicroStrategy has purchased another 9,245 bitcoins for $623 million in cash, increasing its total bitcoin holdings to 214,246 BTC.
MicroStrategy's latest acquisition took place between Mar. 11 and Mar. 18 at an average price of $67,382 per bitcoin, including fees and expenses, the business software company said Tuesday.
The company bought the latest bitcoins using $592.3 million from the proceeds of a recent private offering of convertible senior notes, along with $30.7 million of excess cash.
MicroStrategy’s aggregate purchase price of all bitcoins is around $7.53 billion, while its current market value is above $13.5 billion. The bitcoin price surged this year, peaking above $73,000 before retracting to the current level of around $63,000.
MicroStrategy’s average purchase price per bitcoin is around $35,160, including fees and expenses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Morning News | Infrared to conduct TGE on December 17; YO Labs completes $10 million Series A financing; US SEC issues crypto asset custody guidelines
A summary of major market events on December 14.
Crypto ETF Weekly Report | Last week, US Bitcoin spot ETFs saw a net inflow of $286 million; US Ethereum spot ETFs saw a net inflow of $209 million
Bitwise's top ten crypto index fund has officially been listed and is now trading as an ETF on NYSE Arca.
Banding Together in the Bear Market to Embrace Investors! Crypto Tycoons Gather in Abu Dhabi, Calling the UAE the "New Wall Street of Crypto"
As the crypto market remains sluggish, industry leaders are pinning their hopes on investors from the UAE.
Behind the Pause in Increasing BTC Holdings: Metaplanet’s Multiple Considerations
Trending news
MoreCrypto prices
More
