MicroStrategy Boosts Bitcoin Portfolio with Acquisition of 12,000 BTC

American software technology firm MicroStrategy has significantly boosted its Bitcoin (BTC) portfolio with a strategic acquisition of 12,000 BTC, bringing its total holdings to an impressive 205,000 bitcoins. This move underscores the company's continued commitment to Bitcoin as a core treasury reserve asset.

MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477 per bitcoin. As of March 11, MicroStrategy used proceeds from the issuance of convertible notes to purchase 12,000 BTC, increasing its Bitcoin holdings to 205,000.

In a bold move to finance its Bitcoin acquisition spree, MicroStrategy raised $800 million through the issuance of convertible senior notes due in 2025. This financial maneuver demonstrates MicroStrategy's confidence in its long-term Bitcoin strategy.

Business intelligence firm MicroStrategy has capitalized on its latest convertible debt offering, using the proceeds to increase its Bitcoin holdings by approximately MicroStrategy boosts its Bitcoin holdings with a strategic acquisition of 12,000 BTC, leveraging a recent $800M offering for a total of 205,000 bitcoins. MicroStrategy has successfully completed a $800 million convertible note offering, with the funds raised being used to

The recent acquisition further solidifies MicroStrategy's position as a leading corporate holder of Bitcoin. The company's unwavering commitment to Bitcoin continues to attract attention from investors and analysts alike.