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MicroStrategy Acquired 7420 Bitcoins Worth $458.2 Million

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by A1

2 months ago

  1. Details of the Latest Purchase
  2. Company's Financial Performance
  3. Completion of Convertible Bond Issuance


    4. MicroStrategy purchased 7420 Bitcoins worth $458.2 million between September 13-19. This purchase increased the company's total BTC holdings to 252,220 BTC.

    Details of the Latest Purchase

    The company bought Bitcoins at an average price of $61,750, totaling 7420 BTC for $458.2 million. This brings the total amount of Bitcoin in MicroStrategy's possession to 252,220 BTC.

    Company's Financial Performance

    As of September 19, 2024, MicroStrategy holds 252,220 BTC purchased for approximately $9.9 billion. The average cost per Bitcoin was $39,266. The company achieved a BTC yield of 5.1% QTD and 17.8% YTD.

    MicroStrategy purchased 7420 BTC at an average price of $61,750, bringing the total holdings to 252,220 BTC.

    Completion of Convertible Bond Issuance

    MicroStrategy founder Michael Saylor revealed that the company completed a convertible bond issuance to purchase more BTC and pay off debt. This private offering, closed on September 19, targeted institutional investors and resulted in raising $1 billion in capital.

    These new acquisitions confirm MicroStrategy's commitment to continuing investments in Bitcoin. The company continues to show confidence in the long-term potential of BTC.

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