Reported 8 months ago
MicroStrategy purchased around $786 million worth of Bitcoin using the funds raised from selling convertible notes. The company bought a total of 11,931 Bitcoin between April 27 and June 19, marking their third-largest Bitcoin acquisition. MicroStrategy has been utilizing the debt market to increase their cryptocurrency holdings, spending over $2.4 billion on Bitcoin in 2024 alone. This has boosted their total Bitcoin holdings to 226,331, valued at approximately $14.9 billion, resulting in an 80% paper gain on their investments.
Source: YAHOO