2024

Bitcoin

MicroStrategy, a U.S.-based business intelligence firm, added more stash to its Bitcoin holdings with the purchase of 11,931 BTC with a payment of $786.0 million, or an average price of $65,883 per Bitcoin. 
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 MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes &amp; excess cash for ~$65,883 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#bitcoin</a>. As of 6/20/24, <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$MSTR</a> hodls 226,331 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> acquired for ~$8.33B at average price of $36,798 per bitcoin.<a href="https://t.co/jE9dGqqnON" target="_blank">https://t.co/jE9dGqqnON</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1803763490928119950?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 20, 2024</a>
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MicroStrategy is now holding a total of 226,331 Bitcoins. This holding is now worth around $15 billion at bitcoin’s current price of roughly $66,000. 
MicroStrategy’s founder and executive chairman, Michael Saylor, estimates that the company paid approximately $8.33 billion for its entire holdings of 226,331 Bitcoin, and now an average price sets for $36,798&nbsp;per Bitcoin. 
In 2020, Michael Saylor and MicroStrategy began their investment in Bitcoin, the oldest and most prominent cryptocurrency, and have since led the charge to establish BTC as a reserve asset for corporate treasuries. MicroStrategy’s stock has risen by 2% in premarket trading, now valued at $1,507. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/14/microstrategy-announces-700m-senior-notes-at-2-25-interest/" target="_blank" rel="noreferrer noopener">MicroStrategy Announces $700M Senior Notes at 2.25% Interest</a> 
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MicroStrategy Buys Additional 11,931 Bitcoins

The Crypto Times

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