MicroStrategy Buys $821 Million More Bitcoin, Now Holds Over 200,000 BTC Worth $14.7 Billion
• MicroStrategy (MSTR) has purchased 12,000 more bitcoin (BTC), mostly funded by $782 million raised from recent convertible debt offering
• The software firm, founded by Michael Saylor, now holds 205,000 BTC worth around $14.7 billion
• MicroStrategy acquired its latest batch of BTC for ~$68,477 per coin
• In total, the company acquired the bitcoin for $821.7 million, using proceeds from the debt raise and excess cash
• Acquisition funded by convertible senior notes offering proceeds