Software giant MicroStrategy keeps adding to its massive Bitcoin collection. The company recently bought another 12,000 Bitcoins, bringing its total holdings to a staggering 226,331, worth almost $15 billion. This makes them the undisputed king of corporate Bitcoin ownership.
MicroStrategy's buying spree started in April and continued until June. They paid an average of $65,883 per Bitcoin, spending roughly $780 million in total. This latest purchase strengthens their belief in Bitcoin's future potential.
With this acquisition, MicroStrategy now controls roughly 1% of all Bitcoins in existence. They've invested a total of $8.33 billion to build this impressive stockpile, averaging $36,798 per Bitcoin. Interestingly, they raised most of the funds for these purchases by selling convertible notes, a strategy they've used successfully before.
MicroStrategy's CEO, Michael Saylor, is a big Bitcoin believer. He sees it as a shield against inflation and a reliable way to store value. This belief has driven the company's aggressive Bitcoin buying strategy throughout the year. Their stock price reflects this strategy too, soaring over 345% in the past year, despite a recent dip.
MicroStrategy's dedication to Bitcoin is clear. They've strategically acquired a massive amount of Bitcoin, funded by convertible note offerings, and are now the world's leading corporate Bitcoin holder. Their actions are influencing other companies and paving the way for wider Bitcoin adoption.
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