According to an official announcement by MicroStrategy, the company has completed the issuance of convertible bonds with a maturity date in 2031 and an interest rate of 0.875% as previously announced, on March 18, 2024. The total principal amount of the bonds sold in this issuance is 603.75 million US dollars.
Furthermore, MicroStrategy’s founder, Michael Saylor, later stated that the company has invested an additional 623 million pounds to acquire 9,245 bitcoins between March 11 and March 18. This is equivalent to investing the entire net proceeds from the convertible bond issuance into bitcoins. As of now, the company holds a total of 214,246 bitcoins, with an average cost per bitcoin of approximately 35,160 US dollars.
