đ Big News in the Bitcoin World! đ
MicroStrategy has just announced a colossal $1.01 billion raised through an upsized offering of convertible notes! With a 0.625% coupon and a 40% conversion premium, this move is already making waves. đ
But wait, there's more! Michael Saylor, the CEO, revealed that the funds are being used for a massive BTC buy. MicroStrategy has acquired 7,420 BTC for $458.2 million at $61,750 per bitcoin. đ
As of September 19, 2024, the company holds a whopping 252,220 BTC, purchased for approximately $9.9 billion at an average price of $39,266 per bitcoin. The current value? Around $15.8 billion! đ°
This means MicroStrategy is sitting on paper profits of about $6 billion, or roughly 60%. Talk about a bullish move! đ
