MicroStrategy Buys Additional 9,245 Bitcoin (BTC) Worth $623M: Deep Dive
MicroStrategy has continued expanding its bitcoin holdings, announcing the purchase of approximately 9,245 bitcoins for around $623 million in cash today. This bold move solidifies MicroStrategy's position as a major player in the Bitcoin space. Microstrategy's founder Michael Saylor announced the company acquired 9,245 bitcoin for $623 million using the proceeds and excess cash.
MicroStrategy's Bitcoin Buying Spree Continues: $623 Million Acquisition
According to MicroStrategy's relentless pursuit of Bitcoin accumulation has seen them acquire an additional 9,245 BTC, worth a staggering $623 million. This latest acquisition showcases the company's unwavering belief in Bitcoin as a store of value and long-term investment. MicroStrategy acquires an additional 9,245 BTC for approximately $623 million.
Details of the Latest Bitcoin Purchase
MicroStrategy has acquired an additional 9,245 BTC for ~$623.0M using proceeds from convertible notes & excess cash for ~$67,382 per bitcoin. The average purchase price for this latest acquisition is around $67,382 per bitcoin. As MicroStrategy (NASDAQ:MSTR) has acquired 9,245 more bitcoins for $623M, bringing the software firm's total stash to some 214,246 tokens, it disclosed on...
MicroStrategy Now Holds Over 1% of All Bitcoin That Will Ever Exist
As of Microstretergy now holds more than 1% supply of all the Bitcoins that will ever exist. The Virginia-based analytics and business intelligence behemoth MicroStrategy MicroStrategy has acquired an additional 9,245 Bitcoin worth $623 million to add to its impressive BTC holdings.
Michael Saylor and MicroStrategy's Bitcoin Strategy
Indeed, the business intelligence firm’s CEO Michael' has been a vocal advocate for Bitcoin, driving MicroStrategy's aggressive acquisition strategy. This commitment has positioned MicroStrategy as a significant institutional holder of Bitcoin, influencing market sentiment and demonstrating a long-term vision for cryptocurrency adoption.