{"id":600272,"date":"2024-11-19T06:28:35","date_gmt":"2024-11-19T06:28:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=600272"},"modified":"2024-11-19T06:28:35","modified_gmt":"2024-11-19T06:28:35","slug":"microstrategy-prepares-for-1-75b-raise-to-buy-more-bitcoin-less-than-24-hours-after-latest-4-6b-purchase-disclosure","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/microstrategy-prepares-for-1-75b-raise-to-buy-more-bitcoin-less-than-24-hours-after-latest-4-6b-purchase-disclosure","title":{"rendered":"MicroStrategy Prepares For $1.75B Raise To Buy More Bitcoin Less Than 24 Hours After Latest $4.6B Purchase Disclosure"},"content":{"rendered":"

Software firm and the largest corporate <\/span>Bitcoin<\/span><\/a> holder, MicroStrategy, has announced its plans to raise an additional $1.75 billion to buy BTC less than 24 hours after the company disclosed its latest $4.6 billion purchase.<\/span><\/p>\n

The $1.75 billion will be raised through senior convertible notes with a 0% interest rate. This funding will be used “to acquire additional bitcoin and for general corporate purposes,” MicroStrategy <\/span>said<\/span><\/a> in a Nov. 18 statement.<\/span><\/p>\n

\"MicroStrategy<\/p>\n

MicroStrategy Holds Over 10 Time More BTC Than Marathon Digital<\/span><\/h2>\n

At current prices, MicroStrategy could purchase another 19,065 BTC if the company were to allocate the entire $1.75 billion toward buying Bitcoin. This would add to MicroStrategy’s substantial holdings in the leading crypto. <\/span><\/p>\n

Data from <\/span>Bitcoin Treasuries<\/span><\/a> shows MicroStrategy holds 331,200 BTC, valued at over $30.3 million. This is over 10 times more than the second largest institutional <\/span>Bitcoin<\/span><\/a> holder, BTC mining giant Marathon Digital Holdings.<\/span><\/p>\n

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MicroStrategy Announces Its Largest Purchase Yet: $4.6 Billion for 51,780 $BTC<\/a>!<\/p>\n

“This mega-deal brings significant updates to the stats:<\/p>\n

– BTC Holdings: from 279,420 #BTC<\/a> to 331,200 BTC
– MSTR Realized Price: from $42,692 to $49,874
– MSTR MVRV: from 2.12 to 1.80
– Percentage…
pic.twitter.com\/gNT4IY1fX9<\/a><\/p>\n

— CryptoQuant.com (@cryptoquant_com) November 18, 2024<\/a><\/p><\/blockquote>\n