MicroStrategy’s Bold $623M BTC Buy Boosts Holdings to 214K
Quick Look MicroStrategy acquired 9,245 BTC from March 11 to 18, 2024, totaling $623 million. This acquisition increases MicroStrategy’s total Bitcoin holdings to about 214,246 BTC. Funding for the purchase mainly came from a $592.3 million convertible debt offering and $30.7 million in excess cash. MicroStrategy’s aggressive Bitcoin investment influences market dynamics, with its shares …
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