MicroStrategy Expands Bitcoin Holdings with $786M Purchase

MicroStrategy has acquired an additional 11,931 BTC for approximately $786 million, funded through convertible notes and excess cash. The acquisition price averaged $65,883 per bitcoin. As of June 20, 2024, the company holds a total of 226,331 BTC, with an overall investment of around $8.33 billion at an average cost of $36,798 per bitcoin.