MicroStrategy's Strategic Move in Bitcoin (BTC) Investments
Friday, 20 September 2024, 08:36
MicroStrategy's Bitcoin Acquisition
In recent bitcoin (BTC) news, business intelligence firm MicroStrategy made headlines by acquiring 7,420 Bitcoin for nearly $458.2 million on September 20. The company disclosed this significant acquisition in a regulatory filing with the US Securities and Exchange Commission (SEC).
Details on the Purchase
- Average purchase price was $61,750 per BTC.
- Part of proceeds from a recent $875 million Convertible Senior Notes offering.
- MicroStrategy's total Bitcoin holdings now reach approximately 259,640 BTC.
The strategic move reflects MicroStrategy's unwavering confidence in the long-term potential of Bitcoin.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.