{"id":234447,"date":"2024-06-20T12:53:14","date_gmt":"2024-06-20T12:53:14","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/20\/microstrategy-bought-11931-more-bitcoin-for-786-million\/"},"modified":"2025-06-25T17:16:36","modified_gmt":"2025-06-25T17:16:36","slug":"microstrategy-bought-11931-more-bitcoin-for-786-million","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/20\/microstrategy-bought-11931-more-bitcoin-for-786-million\/","title":{"rendered":"MicroStrategy Bought 11,931 More Bitcoin For $786 Million"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MTg2NjA5MDA2MzYwNTM2OTI1\/michael-saylor-max-keiser-bitcoin-2021.jpg\" \/><\/p>\n<p>MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by <a href=\"https:\/\/www.microstrategy.com\/press\/microstrategy-acquires-additional-11931-bitcoins-and-now-holds-226331-btc_06-20-2024\">purchasing<\/a> an additional 11,931 BTC at a total cost of $786 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: MicroStrategy buys an additional 11,931 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> for $786 million. <a href=\"https:\/\/t.co\/H7XN5XtBtK\">pic.twitter.com\/H7XN5XtBtK<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1803763689624908061?ref_src=twsrc%5Etfw\">June 20, 2024<\/a><\/p><\/blockquote>\n<p>On June 18, MicroStrategy completed a private offering of convertible senior notes, which included a 2.25% coupon and an approximately 35% conversion premium over the U.S. composite volume weighted average price of MicroStrategy\u2019s class A common stock. The offering was well received in the marketplace and upsized to a total of $800.0 million in aggregate principal amount, MicroStrategy stated. This amount included the exercise by the initial purchasers of their option to purchase $100.0 million of additional notes, resulting in net proceeds from the offering to MicroStrategy to be approximately $786.0 million.<\/p>\n<p>\u201cOn June 20, 2024, MicroStrategy announced that, during the period between April 27, 2024 and June 19, 2024, MicroStrategy acquired approximately 11,931 bitcoins for approximately $786.0 million in cash, using proceeds from the Offering and Excess Cash (defined in our quarterly report on Form 10-Q for the three months ended March 31, 2024), at an average price of approximately $65,883 per bitcoin, inclusive of fees and expenses,\u201d the company stated.<\/p>\n<p>The company initially entered the Bitcoin market in August 2020, making an initial BTC investment of $250 million. Since then, they have consistently added to their Bitcoin holdings, creating a treasury reserve strategy that has garnered over\u00a0226,331\u00a0bitcoin worth more than $14.9 billion at the time of writing.<\/p>\n<p>\u201cAs of June 20, 2024, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 226,331 bitcoins, which were acquired at an aggregate purchase price of approximately $8.33 billion and an average purchase price of approximately $36,798 per bitcoin, inclusive of fees and expenses,\u201d MicroStrategy concluded.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/microstrategy-bought-x-more-bitcoin-worth-million\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 11,931 BTC at a total<\/p>\n","protected":false},"author":1,"featured_media":234448,"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\/234447"}],"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=234447"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/234447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/234448"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=234447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=234447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=234447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}