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<p><em><strong>As soon as the news spread, the MicroStrategy (MSTR) stock surged to reach new record highs during pre-market trading.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><p>As the price of Bitcoin (BTC) keeps reaching new record levels, MicroStrategy keeps adding to its holdings with each surge. According to a recent filing with the SEC, the company bought another 12,000 <a href="https://cryptosheadlines.com/cryptosheadlines-of-the-week-bitcoin-etfs-and-binance-terra-speculation/" rel="noopener noreferrer nofollow">Bitcoins in the past two weeks</a>.</p><h3 id="microstrategy-expands-bitcoin-holdings-with-821-7-million-purchase">MicroStrategy Expands Bitcoin Holdings with $821.7 Million Purchase</h3><p><a href="https://cryptosheadlines.com/microstrategys-michael-saylor-shares-bitcoin-exit-plan/" rel="noopener noreferrer nofollow">MicroStrategy Chairman Michael Saylor</a> announced today the acquisition of an additional 12,000 bitcoins, amounting to approximately $821.7 million. The company utilized proceeds from convertible notes and excess cash for this purchase, with each bitcoin bought at an average price of about $68,477.</p><p>As of March 10, 2024, MicroStrategy now possesses a total of 205,000 bitcoins, acquired for around $6.91 billion. The average price per bitcoin in MicroStrategy’s portfolio currently stands at $33,706.</p><p>This latest acquisition follows MicroStrategy’s purchase of 3,000 <a href="https://cryptosheadlines.com/coinbase-stores-more-than-1-million-bitcoins-worth-over-52-billion/" rel="noopener noreferrer nofollow">bitcoins worth $155 million</a>, as reported in the filing on February 26. Since then, the company has been actively working to raise an additional $600 million through the sale of its convertible notes.</p><p>The convertible notes, described as unsecured, senior obligations of the company, will adhere to a semi-annual interest payment schedule commencing on September 15, 2024. They are set to mature on March 15, 2030, with provisions for earlier repurchase, redemption, or conversion. Interestingly, the company recently expanded its note sale to over $700 million, indicating strong investor interest.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><h3 id="microstrategy-s-shares-surge-following-bitcoin-acquisition-news">MicroStrategy’s Shares Surge Following Bitcoin Acquisition News</h3><p>Following the news, MicroStrategy’s (NASDAQ: MSTR) share <a href="https://cryptosheadlines.com/binance-supports-terra-luna-mainnet-upgrade-price-surges-10/" rel="noopener noreferrer nofollow">price surged by an additional 10%</a> during pre-market hours on Monday, March 11. This surge propelled the MSTR share price to a staggering $1,562, with its market capitalization reaching $24.19 billion USD.</p><p><a href="https://cryptosheadlines.com/robert-kiyosaki-forecasts-bitcoin-to-reach-300000-by-2024/" rel="noopener noreferrer nofollow">Also Read:   Robert Kiyosaki Forecasts Bitcoin to Reach $300000 by 2024</a></p><p>In 2024, the MSTR stock has already soared by an impressive 108% since the year’s beginning. This growth outpaces Bitcoin’s (BTC) gains of 61% year-to-date. Looking at the yearly chart, MicroStrategy’s share price has skyrocketed by a remarkable 538%, while Bitcoin’s price has increased by 250%.</p><p>MicroStrategy chairman <a href="https://cryptosheadlines.com/michael-saylors-ongoing-relationship-with-bitcoin-and-microstrategy/" rel="noopener noreferrer nofollow">Michael Saylor recently praised the success of the new Bitcoin</a> ETFs. With the company already sitting on a profit of close to $3.5 billion from its substantial Bitcoin holdings, the positive sentiment surrounding Bitcoin continues to benefit MicroStrategy’s shares.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

MicroStrategy Acquires Over 200000 Bitcoins in Latest Purchase

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