🔥 Michael Saylor's MicroStrategy Buys 11.9K Bitcoin for $786M
MicroStrategy has purchased an additional 11,931 BTC for approximately $786 million, at an average price of $65,883 per bitcoin, increasing its total holdings to 226,331 BTC, valued at nearly $15 billion. The company's founder, Michael Saylor, stated that the overall average purchase price for their holdings is $36,798 per bitcoin, costing around $8.33 billion in total.
This acquisition, following a March purchase of 9,245 BTC for $623 million, solidifies MicroStrategy's holdings at over 1% of the total 21 million Bitcoin supply. The latest acquisition was financed through an $800 million convertible senior note offering, which was increased from an initial $500 million due to strong market interest.
