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MicroStrategy Buys $786 Million More in Bitcoin With Note Proceeds
MicroStrategy Inc. bought approximately $786 million in Bitcoin with the proceeds raised from the sale of convertible notes. The company acquired 11,931 Bitcoin between April 27 and June 19, according to a filing Thursday with the US Securities and Exchange Commission. This is MicroStrategy’s third largest acquisition of Bitcoin following its $821 million purchase of 12,000 tokens on March 11. The company has repeatedly tapped the debt market to snap up more of the cryptocurrency this year, spending over $2.4 billion on Bitcoin in 2024 alone. The purchases raised MicroStrategy’s overall holdings to 226,331 ... (full story)