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<p>The post <a href="https://coinpedia.org/price-analysis/microstrategy-pushes-forward-with-bitcoin-strategy-despite-market-crash/" rel="noopener noreferrer nofollow">MicroStrategy Pushes Forward with Bitcoin Strategy Despite Market Crash</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Since 2020, MicroStrategy has purchased Bitcoin for its treasury and holds 214,400 BTC. At the current Bitcoin price of $57,861, these holdings are worth approximately $12.41 billion.</p>
<p>Despite the company’s aggressive <a href="https://coinpedia.org/price-analysis/heres-why-the-bitcoin-btc-price-could-skyrocket-this-week/" rel="noopener noreferrer nofollow">Bitcoin </a>acquisition strategy, MicroStrategy’s stock price dipped by 6.95% last week, closing at $1,281.72. This marks a 27.86% drop over the past six weeks.&nbsp;</p>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="510" src="https://image.coinpedia.org/wp-content/uploads/2024/07/08151405/image-169-1024x510.png" alt="" class="wp-image-324053" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/08151405/image-169-1024x510.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/08151405/image-169-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/08151405/image-169-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/08151405/image-169-1536x765.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/07/08151405/image-169-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/07/08151405/image-169.png 1814w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The downfall correlates with the broader market correction in the crypto world, as the BTC price crashed 10.92% last week. With an intense correction in the altcoins market, the FUD phase dominates the crypto market.&nbsp;</p>
<p>However, the stock has sustained above the crucial $1,200 level and has shown a year-to-date growth of 87.07% in 2024.</p>
<h2 class="wp-block-heading" id="h-microstrategy-expands-convertible-note-offering-nbsp">MicroStrategy Expands Convertible Note Offering&nbsp;</h2>
<p>MicroStrategy, the largest corporate holder of Bitcoin, has raised its latest convertible note offering by $200 million from the original $500 million plan, totaling $700 million. The company also provided initial buyers an option to purchase an additional $100 million of the notes. The notes are priced to offer a 2.25% annual yield. Broker Bernstein set a $2,890 price target for MicroStrategy’s shares.</p>
<h2 class="wp-block-heading" id="h-metaplanet-s-bitcoin-acquisition-strategy">Metaplanet’s Bitcoin Acquisition Strategy</h2>
<p>Similarly, Japanese company Metaplanet has purchased an additional 42 Bitcoin worth $2.4 million, bringing its total holdings to 203 BTC, valued at about $11 million. Despite Bitcoin’s recent dip under $56,000, Metaplanet’s stock price has risen, reflecting investor confidence in its Bitcoin acquisition strategy.&nbsp;</p>
<p>Metaplanet now holds 203.73 BTC, worth approximately $15.56 million, making it Japan’s biggest corporate holder of the digital currency. Metaplanet is adopting Bitcoin as a hedge against inflation and the weak yen. Thus, this demonstrates the growing trend of corporate investment in digital assets.</p>

MicroStrategy Pushes Forward with Bitcoin Strategy Despite Market Crash

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