{"id":82029,"date":"2024-06-20T15:46:25","date_gmt":"2024-06-20T19:46:25","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82029"},"modified":"2024-06-20T15:48:48","modified_gmt":"2024-06-20T19:48:48","slug":"microstrategy-buys-12k-new-btc","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/microstrategy-buys-12k-new-btc\/","title":{"rendered":"MicroStrategy Buys 12k New BTC"},"content":{"rendered":"\n

MicroStrategy has bought another $786 million worth of Bitcoins<\/a>, demonstrating that it is still going strong.\u00a0
<\/p>\n\n\n\n

\"MicroStrategy
MicroStrategy Buys 12k New BTC<\/figcaption><\/figure>\n\n\n\n

MicroStrategy's founder, Michael Saylor, revealed in an early Thursday morning X post<\/a> that the company had increased its holdings of Bitcoin by 11,931 BTC for $786 million in cash.<\/p>\n\n\n\n

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MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per #bitcoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. As of 6\/20\/24, $MSTR<\/use><\/svg><\/span><\/a> hodls 226,331 $BTC<\/use><\/svg><\/span><\/a> acquired for ~$8.33B at average price of $36,798 per bitcoin.https:\/\/t.co\/jE9dGqqnON<\/use><\/svg><\/span><\/a><\/p>— Michael Saylor (@saylor) June 20, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

In a regulatory filing<\/use><\/svg><\/span><\/a>, the business also stated that it obtained over 12,000 Bitcoins between April 27 and June 19 at an average cost of about $65,883 per Bitcoin. <\/p>\n\n\n\n

Following the most recent acquisition, MicroStrategy and its affiliates currently own 226,331 BTC, which is estimated to be worth $15 billion. The transaction comes less than a week after MicroStrategy revealed plans to acquire more Bitcoin with the proceeds from the $800 million convertible senior note issue, which will mature at a rate of 2.25% annually.\u00a0<\/p>\n\n\n\n

Despite the significant buy, MicroStrategy looks to be second only to BlackRock, which now has over 305,000 BTC in its spot Bitcoin exchange-traded fund. <\/p>\n\n\n\n

According to Nasdaq data, MicroStrategy's share price (MSTR) rose 2.3% in pre-market trade after the announcement, hitting $1,503. According to CoinMarketCap data<\/a>, the current value of Bitcoin is roughly $65,944, at the time of publication.<\/p>\n","protected":false},"excerpt":{"rendered":"

MicroStrategy has bought another $786 million worth of Bitcoins, demonstrating that it is still going strong.\u00a0 MicroStrategy’s founder, Michael Saylor, revealed in an early Thursday morning X post that the company had increased its holdings of Bitcoin by 11,931 BTC for $786 million in cash. In a regulatory filing , the business also stated that […]<\/p>\n","protected":false},"author":43,"featured_media":82030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1799,539],"class_list":["post-82029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoins","tag-microstrategy"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1718911141587.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82029"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82030"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}