$BTC 🚨🚨MicroStrategy achieved a significant crypto milestone by purchasing $623 million worth of bitcoin, increasing its total holdings to 214,246 bitcoins, which is more than 1% of the total bitcoin supply. This purchase marks a major achievement for MicroStrategy, led by bitcoin enthusiast Michael Saylor, making it the largest publicly-traded company in terms of bitcoin ownership.

Between March 11, 2024, and March 18, 2024, MicroStrategy acquired 9,245 bitcoins valued at approximately $623 million, paying an average of $67,382 per bitcoin, including fees. The funding for this purchase included $30.7 million in cash and $592.3 million from the private sale of convertible senior notes that MicroStrategy offered earlier in the month specifically for buying more bitcoin.

Michael Saylor has expressed optimism for bitcoin in 2024, citing factors like the upcoming bitcoin halving and the strong inflows into newly listed spot bitcoin exchange-traded funds (ETFs). Bitcoin recently reached an all-time high of $73,798, indicating increasing confidence in this volatile asset.

Saylor, a long-time advocate for bitcoin, predicted continued institutional interest in the asset class even before the U.S. Securities and Exchange Commission approved spot ETFs in January, suggesting significant growth potential ahead.

Are you as bullish as Saylor?

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