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© Reuters MicroStrategy buys 12,000 Bitcoin with $800 million raised through convertible bond offering
MicroStrategy (MSTR) has acquired an additional 12,000 Bitcoin, according to a security announcement on Monday.
MSTR shares were up more than 9% at market open on Monday, while Bitcoin (BTC) was trading around $72,000 at the time of writing.
The purchase was made using funds the software technology company raised through a convertible debt offering announced earlier this month. The offering closed on March 8 and raised a total capital amount of $800 million.
“MicroStrategy acquired an additional 12,000 BTC for approximately $821.7 million using proceeds from convertible notes and excess cash for approximately $68,477 per Bitcoin,” the company’s founder and chairman Michael Saylor said in a Post on X
With this latest acquisition, MicroStrategy’s Bitcoin holdings have grown to 205,000 BTC, purchased at a total price of $6.91 billion, an average of $31,500 per Bitcoin.
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