UPDATED: March 11, 2024, 8:44 a.m. EDT
Michael Saylor’s MicroStrategy acquired approximately 12,000 additional bitcoins for approximately $821.7 million in cash, bringing its total bitcoin holding to 205,000. BTC
-3.86%
MicroStrategy’s latest acquisition took place from February 26 to March 10, 2024, at an average price of approximately $68,477 per bitcoin, including fees and expenses, the business intelligence firm said. said Monday.
The company purchased the final bitcoins using $781.1 million from proceeds from a recent private offering of convertible senior notes, as well as $40.6 million in excess cash.
The aggregate purchase price of all bitcoins by MicroStrategy is approximately $6.91 billion, while its current market value is over $14.7 billion. The price of bitcoin has soared this year, reaching around $72,000, marking a new all-time high.
MicroStrategy’s average purchase price per bitcoin is approximately $33,706, including fees and expenses.
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