MicroStrategy Adds 9,245 BTC To Its Holdings
MicroStrategy has invested nearly $623 million to acquire 9,245 Bitcoins (BTC) at an average price of $67,382, bringing its total holding to 214,246 BTC.
The acquisition was made using a $500 million debt offering and excess cash. This marks the second buying movement in a row for MicroStrategy, which has made 13 Bitcoin acquisitions since March 23, 2023, resulting in 72,745 BTC bought, representing 34% of its Bitcoin stash.
MicroStrategy holds more BTC than 8 out of 10 spot Bitcoin exchange-traded funds traded in the US, with BlackRock’s IBIT managing 224,018 BTC and Grayscale managing 373,714 BTC.
(With inputs from Shikha Singh)
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