Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>MicroStrategy has increased its Bitcoin holdings to 214,246 BTC, representing over 1% of Bitcoin’s total supply.</li>
 <li>The company’s total Bitcoin investment is approximately $7.53 billion, with a current market value exceeding $13.5 billion.</li>
</ul>
<p>MicroStrategy, under the leadership of Michael Saylor, has expanded its Bitcoin portfolio with an additional 9,245 coins. The purchase, which cost $623 million in cash, brings the company’s total Bitcoin holdings to 214,246 BTC. This means that MicroStrategy now owns more than 1% of Bitcoin’s entire supply, which is capped at 21 million coins.</p>
<h2 id="details-of-the-acquisition">Details of the Acquisition</h2>
<p>The latest acquisition occurred between March 11 and March 18. The average cost per Bitcoin during this period was $67,382, factoring in fees and expenses. The funds used for this purchase included $592.3 million from a recent private offering of convertible senior notes and an additional $30.7 million of excess cash.</p>
<h2 id="microstrategy-s-bitcoin-investment">MicroStrategy’s Bitcoin Investment</h2>
<p>The total amount spent by MicroStrategy on its Bitcoin purchases stands at around $7.53 billion. However, due to the surge in the price of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, the current market value of these holdings is estimated to be over $13.5 billion. Bitcoin’s price has seen significant growth this year, at one point reaching over $73,000, although it has since retracted to around $63,000. The average cost per Bitcoin for MicroStrategy, taking into account fees and expenses, is approximately $35,160.</p>

MicroStrategy’s Recent Acquisition Boosts Its Bitcoin Ownership to Over 1% of Total Supply

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