Recently, Saylor’s company, MicroStrategy, conducted yet another massive Bitcoin acquisition, while the BTC price took another dive.
This tweet brought on a heated discussion in the comments, where some X users began to ask if this is a “new logo” for MicroStrategy since the creature in this image is eating Bitcoin – similarly to Saylor’s company, which continues to make large BTC acquisitions.
This BTC was acquired at an average price of $65,883 per coin. MicroStrategy is now the leading corporate cryptocurrency holder by a large margin.
This mega Bitcoin purchase was possible thanks to the company recently raising $800 million in debt using convertible senior notes sold to investors. The initial goal was to raise $500 million to buy more BTC and to use the rest of the funds for operational expenses.
However, later, the goal was expanded from $500 million to $800 million.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
