Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»MicroStrategy increases Bitcoin holdings to 205,000 BTC with recent $821.7M purchase
ADOPTION NEWS

MicroStrategy increases Bitcoin holdings to 205,000 BTC with recent $821.7M purchase

By Crypto FlexsMarch 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MicroStrategy increases Bitcoin holdings to 205,000 BTC with recent 1.7M purchase
Share
Facebook Twitter LinkedIn Pinterest Email

MicroStrategy increased its Bitcoin holdings to 205,000 BTC and recently acquired an additional 12,000 BTC for $821.7 million using proceeds from a $800 million convertible bond issuance.

MicroStrategy, a business intelligence company led by Bitcoin powerhouse Michael Saylor, has further solidified its position as one of the largest corporate holders of Bitcoin. The company announced that it had acquired an additional 12,000 shares. BTC The average price per Bitcoin between February 26 and March 10, 2024 is $68,477 (including fees and costs).

On February 6, 2024, MicroStrategy announced that it would increase its Bitcoin holdings to 190,000 BTC in the fourth quarter of 2023. This increase is primarily due to the acquisition of 31,755 Bitcoins since the end of the third quarter for $1.25 billion, or an average price of $39,411 per coin. . As a result, total investments in Bitcoin increased to $5.93 billion, at an average of $31,224 per BTC. This is the portfolio’s 13th consecutive quarter of growth and its largest quarterly gain in three years. The company reported a 23% increase in sales of its subscription services, despite a 6% annual decline in overall revenue. It highlights the company’s strategic investments, commitment to innovation, and focus on shareholder value through its unique operating structure and Bitcoin-centric strategy.

The recent purchases, totaling approximately $821.7 million, were funded primarily with proceeds from MicroStrategy’s recent convertible senior note offering. The company successfully completed its public offering of $800 million in 0.625% convertible senior notes due 2030, which was larger than the initial public offering due to strong demand from institutional investors. The net proceeds generated from this public offering amounted to approximately $782 million.

With these additional investments, MicroStrategy’s total Bitcoin holdings now reach an impressive 205,000 BTC. The total purchase price of the company’s Bitcoin vaults is approximately $6.91 billion, and including fees and expenses, the average purchase price per Bitcoin is $33,706.

MicroStrategy’s unwavering commitment to Bitcoin as a primary treasury reserve asset highlights MicroStrategy’s confidence in the long-term value and potential of the world’s largest cryptocurrency. The company’s CEO, Michael Saylor, has been an active defender of Bitcoin and has often emphasized its role as a hedge against inflation and a store of value in an increasingly digital world.

The move comes amid growing institutional interest in Bitcoin and others. cryptocurrency. Bitcoin’s mainstream adoption continues to gain momentum as more companies and institutional investors allocate a portion of their finances to the digital asset.

However, MicroStrategy’s Bitcoin-centric approach is not without risks. The volatility of the cryptocurrency market and the company’s significant exposure to Bitcoin have raised concerns among some investors and analysts. Nonetheless, MicroStrategy remains confident in its strategy and believes investing in Bitcoin will deliver long-term benefits for the company and its shareholders.

As MicroStrategy continues to lead enterprise adoption of Bitcoin, the company’s recent acquisitions further solidify its position as a major player in the cryptocurrency space. With 205,000 BTC currently under its control, MicroStrategy’s Bitcoin holdings are worth approximately $14 billion at current market prices, representing a significant portion of the company’s overall market capitalization.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Must-See Cryptocurrency: BlockDAG’s $45.7M Presales Surpasses Cardano and Chainlink Potential

June 10, 2024

Ledger Nano S Plus Review and Trezor Model One Comparison – Which is Best?

January 21, 2024

BlockDAG: The forefront of DAG chain innovation with 20,000x ROI potential amid advances in IOTA and MEME AI

April 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.