MicroStrategy Purchased 11,931 BTC, Total Bitcoin Assets Now Above $8.3 Billion.

In a bold step, MicroStrategy, under the leadership of founder Michael Saylor, added an additional 11,931 BTC to its cryptocurrency portfolio. This purchase was financed by $700 million from convertible bonds and the company's excess cash reserves. These strategic financial moves highlight MicroStrategy's continued adoption of Bitcoin as a primary asset.

Earlier this week, the company announced a plan to raise $700 million from the sale of convertible senior notes, up from the $500 million originally planned. These bonds will mature in 2032 and demonstrate the company's long-term investment horizon. Some of the capital raised was immediately used to purchase Bitcoin, further cementing MicroStrategy's position as a major holder of Bitcoin.

#MichaelSaylor announced on social media that they completed their last #Bitcoin purchase. According to Saylor, MicroStrategy purchased 11,931 #BTC at an average price of approximately $65,883 per Bitcoin, representing a total spend of $786 million. This strategic acquisition highlights the company's aggressive accumulation strategy and their focus on using Bitcoin as a primary reserve asset.

As a result of this acquisition, #MicroStrategy now holds 226,331 BTC, totaling over $8.33 billion. This large reserve has been accumulated at an average purchase price of $36,798 per Bitcoin. If the price of Bitcoin continues to rise, the company could realize significant unrealized gains from this investment.