{"id":215065,"date":"2024-03-20T00:31:04","date_gmt":"2024-03-20T00:31:04","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/20\/michael-saylors-microstrategy-acquired-an-additional-9245-btc\/"},"modified":"2025-06-25T17:20:20","modified_gmt":"2025-06-25T17:20:20","slug":"michael-saylors-microstrategy-acquired-an-additional-9245-btc","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/20\/michael-saylors-microstrategy-acquired-an-additional-9245-btc\/","title":{"rendered":"Michael Saylor&#039;s MicroStrategy Acquired an Additional 9,245 BTC"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjA0OTk4MjA3MzM4NDU2ODI4\/giy5m66wqaaarov.jpg\" \/><\/p>\n<p>MicroStrategy has continued expanding its bitcoin holdings, announcing the purchase of approximately 9,245 bitcoins for around $623 million in cash today.<\/p>\n<p>According to the company&#8217;s\u00a0<a href=\"https:\/\/www.microstrategy.com\/press\/microstrategy-acquires-additional-9-245-btc-and-now-holds-214-246-btc_03-19-2024\">new press release<\/a>, it acquired the bitcoin between March 11 and 18, using proceeds from its recent convertible senior notes offering and excess company cash. The average purchase price was approximately $67,382 per bitcoin.<\/p>\n<p>This latest acquisition comes just after <a href=\"https:\/\/www.microstrategy.com\/press\/microstrategy-completes-603-million-offering-of-0875-convertible-senior-notes-due-2031_03-19-2024\">MicroStrategy raised $603.75 million<\/a> through a private offering of 0.875% convertible senior notes due in 2031. The company upsized the planned offering from $500 million after seeing strong demand.<\/p>\n<p>With the new 9,245 BTC purchase, MicroStrategy now holds an aggregate total of approximately 214,246 bitcoins acquired at an average price of $35,160 per bitcoin. The company has spent $7.53 billion to accumulate its Bitcoin treasury reserves.<\/p>\n<p>Led by CEO Michael Saylor, MicroStrategy continues to aggressively execute its bitcoin strategy even amid Bitcoin market volatility.\u00a0<\/p>\n<p>The company aims to hold Bitcoin as its primary corporate treasury asset, taking on debt and issuing equity to raise funds for further accumulation.\u00a0MicroStrategy now own more than 1% of Bitcoin total supply.<\/p>\n<p>While sceptics argue that bitcoin-backed loans introduce balance sheet risk, Saylor remains staunchly confident in bitcoin&#8217;s long-term trajectory. With its latest buy enabled by the upsized note offering, MicroStrategy is doubling down on its Bitcoin play.<\/p>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/michael-saylors-microstrategy-9245-btc-620-million\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] MicroStrategy has continued expanding its bitcoin holdings, announcing the purchase of approximately 9,245 bitcoins for around $623 million in cash today. According to the<\/p>\n","protected":false},"author":1,"featured_media":215066,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/215065"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=215065"}],"version-history":[{"count":2,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/215065\/revisions"}],"predecessor-version":[{"id":335976,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/215065\/revisions\/335976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/215066"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=215065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=215065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=215065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}