Microstrategy purchased 7,420 Bitcoins worth approximately $458.2 million between September 13-19.
While the company bought these Bitcoins at an average of $61,750, the amount of BTC in the company's hands was 252,220 BTC.
“MicroStrategy purchased 7,420 BTC at an average price of $61,750 for $458.2 million and achieved a BTC Return of 5.1% QTD and 17.8% YTD.
As of 09/19/2024, it holds 252,220 BTC purchased for approximately 9.9 billion. BTC cost was $39,266.
Before announcing the Bitcoin purchase, MicroStrategy founder Michael Saylor revealed that the company had completed a convertible bond issuance to purchase more BTC and pay off debt, raising $1 billion in capital from the sales.
The private offering, which closed on September 19, targeted institutional investors.
MicroStrategy has acquired 7,420 BTC for ~$458.2 million at ~$61,750 per #bitcoin and has achieved BTC Yield of 5.1% QTD and 17.8% YTD. As of 9/19/2024, we hodl 252,220 $BTC acquired for ~$9.9 billion at ~$39,266 per bitcoin. $MSTR https://t.co/JUtgztpzBu
— Michael Saylor⚡️ (@saylor) September 20, 2024
*This is not investment advice.
