MicroStrategy's bitcoin holdings reach 205,000 BTC with latest purchase, exceed BlackRock's ETF

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The Block2024/03/11 12:43

By:Yogita Khatri

MicroStrategy has purchased another 12,000 bitcoins for $821.7 million in cash, increasing its total bitcoin holdings to 205,000 BTC.

MicroStrategy's bitcoin holdings reach 205,000 BTC with latest purchase, exceed BlackRock's ETF image 0

Michael Saylor's MicroStrategy acquired around 12,000 more bitcoins for roughly $821.7 million in cash, increasing its total bitcoin holdings to 205,000 BTC +3.22% . This surpasses the holdings of the largest BlackRock's spot bitcoin exchange-traded fund, which stands at 197,943 BTC.

MicroStrategy's latest acquisition took place from Feb. 26 to Mar. 10, 2024, at an average price of around $68,477 per bitcoin, including fees and expenses, the business intelligence company said Monday.

The company bought the latest bitcoins using $781.1 million from the proceeds of a recent private offering of convertible senior notes, along with $40.6 million of excess cash.

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MicroStrategy’s aggregate purchase price of all bitcoins is around $6.91 billion, while its current market value is above $14.7 billion.The price of Bitcoin has surged this year, reaching around $72,000, marking a new all-time high.

MicroStrategy’s average purchase price per bitcoin stands at around $33,706, inclusive of fees and expenses.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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