Happycoin.club - Software company MicroStrategy is doing everything to live up to its honorary status as the largest corporate holder of Bitcoin. On Thursday, the company announced the addition of its BTC portfolio - the organization acquired 11,931 bitcoins for $786 million.
The company financed this purchase by offering convertible bonds worth almost $800 million to institutional investors. Interestingly, MicroStrategy initially planned to raise only $500 million, but then increased its offer to $700 million, and then to $800 million.
The previous addition to MicroStrategy’s Bitcoin portfolio took place in March 2024. Then the company bought 9,245 BTC for $623 million.
MicroStrategy currently owns 226,331 bitcoins worth almost $15 billion at the current asset price of $66,000. The company spent a total of about $8.33 billion to acquire all bitcoins, that is, the average cost of one BTC was about $36,798.
MicroStrategy, led by Michael Saylor, began acquiring Bitcoin as a reserve asset in 2020. Since that time, the software developer's shares have risen approximately 10-fold.
One of the well-known companies that adopted the MicroStrategy approach was US-registered Semler Scientific. Over the past three weeks, Semler has not only added Bitcoin as a reserve asset, but also turned to the capital markets to purchase the asset in volumes exceeding its current market capitalization.
