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.
*This is not investment advice.