**MicroStrategy Buys 7,420 Bitcoin for $458.2M Using Debt Offering Proceeds**

MicroStrategy, a Nasdaq-listed software company, has made headlines again by purchasing 7,420 bitcoin between September 13 and 19. The acquisition, worth about $458.2 million, was funded through an upsized convertible note offering, which increased from $700 million to $1.01 billion.

- The average purchase price for this batch of BTC was approximately $61,750.

- MicroStrategy now holds a staggering 252,220 bitcoin, valued at nearly $16 billion.

- The company has been a trailblazer in adopting BTC as a corporate treasury asset since 2020.

What do you think about companies using debt to buy bitcoin? Share your thoughts in the comments! 💬