MicroStrategy used $458.2 million from the $1 billion convertible note offering to acquire Bitcoin.
MicroStrategy, a pro-Bitcoin and software firm, used part of the raised $1.01 billion from its 0.65% convertible note offering to buy Bitcoin. According to a Friday announcement, the firm stated it has acquired 7,420 BTC at an average price of $61,750.
The pro-Bitcoin firmâs recent acquisition increased its total stash to 252,220 BTC ($15.8 billion), acquired at an average price of $39,226. It bears mentioning that the firm acquired its Bitcoin with $9.9 billion, an almost $6 billion unrealized gain at the current market price.
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