According to an official press release from MicroStrategy, the company announced on Monday (11th) the completion of an $800 million convertible bond issuance and sale. Subsequently, MicroStrategy’s founder, Michael Saylor, announced that the company has spent $821.7 million to purchase 12,000 bitcoins, with an average purchase price of approximately $68,477.
As of March 10, 2024, MicroStrategy holds 205,000 bitcoins with an average purchase price of $33,706. Prior to the publication of this article, the price of Bitcoin reached a record high of $72,200. The trading price at the time of writing was $71,500. Based on the current price, the total value of Bitcoin held by MicroStrategy is as high as $14.6 billion.
