đŞ MicroStrategy Secures $3 Billion for $BTC Acquisition
â MicroStrategy has successfully raised $3 billion through the issuance of zero-coupon convertible bonds, offered at a 55% premium, with a maturity date set for 2029.
â The company plans to deploy these funds to purchase additional Bitcoin, with acquisitions expected to begin as early as this week.
â Currently, MicroStrategy holds an impressive 331,200 BTC, valued at approximately $29.7 billion at todayâs market rates.
â Notably, these Bitcoins were acquired at an average price of $49,874 per Bitcoin, including associated fees and expenses, bringing the total acquisition cost to around $16.5 billion.
MicroStrategy continues to double down on its Bitcoin investment strategy, reinforcing its position as one of the largest corporate holders of the cryptocurrency.
