🚀 Michael Saylor’s MicroStrategy Adds 7,420 More BTC to Portfolio
posted 20 Sept 2024
On September 20, Michael Saylor’s MicroStrategy revealed that it had purchased another 7,420 BTC, with the acquisition totaling approximately $458.2 million.
As noted in Saylor’s post on platform X, the average price for the newly acquired BTC was $61,750. The company’s overall Bitcoin investment was made at an average price of around $39,266 per coin.
With this latest addition, MicroStrategy’s total Bitcoin holdings now amount to 252,220 BTC, representing over 1.2% of all Bitcoins currently in circulation. At the time of writing, the market value of the company’s Bitcoin stash is estimated to be around $15.8 billion.
The acquisition followed MicroStrategy’s announcement earlier that day, reporting the sale of $1.01 billion in convertible senior notes.
MicroStrategy stated that the remaining proceeds from the sale will be used for further BTC purchases and general corporate purposes.
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