BREAKING NEWS: MicroStrategy acquires additional 11,931 Bitcoins
Microstrategy has reported its acquisition of additional 11,931 Bitcoins. This was reported in an X post today June 20 after it completed the $800 Million Offering of 2.25% Convertible Senior Notes due in 2032.
MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per #bitcoin. As of 6/20/24, $MSTR hodls 226,331 $BTC acquired for ~$8.33B at average price of $36,798 per bitcoin. - [Tweet]9https://x.com/saylor/status/1803763490928119950)
Now, Microstrategy holds a total of 226,331 $BTC acquired with apporximately $8.33B at average price of $36,798 per bitcoin. At today's pricing, Microstrategy's Bitcoin vault is worth $14.8B. Already on a profit of about $6B.
MicroStrategy is one of the world’s largest public holders of Bitcoin. With this new acquisition and the volume of Bitcoin in its vault, do you think it could have any impact in the crypto market and ecosystem at large?
Let's hear your thoughts in the comments section of this post.