{"id":538434,"date":"2024-06-21T07:31:01","date_gmt":"2024-06-21T07:31:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=538434"},"modified":"2024-06-21T10:31:33","modified_gmt":"2024-06-21T10:31:33","slug":"microstrategy-buys-another-786-million-bitcoin-bringing-total-holdings-to-over-14-6-billion","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/microstrategy-buys-another-786-million-bitcoin-bringing-total-holdings-to-over-14-6-billion","title":{"rendered":"MicroStrategy Buys Another $786 Million Bitcoin, Bringing Total Holdings To Over $14.6 Billion"},"content":{"rendered":"

MicroStrategy (MSTR) bought another 11,931 <\/span>Bitcoin (BTC)<\/span><\/a> for $786 million, bringing its total investment in the king of cryptos to $14.6 billion.<\/span><\/p>\n

Under the leadership of its pro-Bitcoin Executive Chairman Michael Saylor, the Nasdaq-listed software firm now holds 226,331 Bitcoins, it said i<\/span>n a June 20 <\/span>press release<\/span><\/a>. <\/span>It is the largest corporate investor in Bitcoin<\/span><\/p>\n

\"MicroStrategy<\/p>\n

MicroStrategy Advocates For BTC Adoption In Corporate Treasuries<\/span><\/h2>\n

MicroStrategy’s Bitcoins were acquired at an average price of $36,798 each using approximately $8.33 billion. The most recent BTC acquisition follows an $800 million convertible note offering to institutional investors.<\/span><\/p>\n

Initially, the offering was set to be for $500 million, but it raised the amount to $700 million before closing it at $800 million.<\/span><\/p>\n

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MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per #bitcoin<\/a>. As of 6\/20\/24, $MSTR<\/a> hodls 226,331 $BTC<\/a> acquired for ~$8.33B at average price of $36,798 per bitcoin.https:\/\/t.co\/jE9dGqqnON<\/a><\/p>\n

— Michael Saylor⚡️ (@saylor) June 20, 2024<\/a><\/p><\/blockquote>\n