MicroStrategy Expands Bitcoin Holdings to Nearly $15 Billion
The company acquires 11,900 more bitcoins, maintaining its position as the largest corporate holder of the cryptocurrency.
- MicroStrategy now holds 226,331 bitcoins, representing about 1% of the total bitcoin supply.
- The latest acquisition was funded through an $800 million convertible note offering.
- The company's average purchase price for its bitcoin holdings is approximately $36,798 per bitcoin.
- MicroStrategy's stock has surged over 345% in the past year due to its aggressive bitcoin strategy.
- Other firms, such as Semler Scientific and DeFi Technologies, are adopting similar bitcoin treasury strategies.