MicroStrategy Buys Bitcoin Again, Its Wallet is Getting Thicker! 💰

- MicroStrategy has just announced that it has raised $1.01 billion from a convertible bond offering with a coupon of 0.625% and a conversion premium of 40%.

- Michael Saylor, CEO of MicroStrategy, immediately announced a massive BTC purchase.

- They bought 7,420 BTC for $458.2 million at a price of $61,750 per bitcoin.

- As of September 19, 2024, MicroStrategy holds 252,220 BTC purchased for $9.9 billion at an average price of $39,266 per bitcoin.

- Their BTC is currently worth around $15.8 billion, meaning they are sitting pretty with a profit of around $6 billion or 60%.

What do you think about MicroStrategy's bold move? Let's discuss in the comments column!