According to Michael Saylor, the company’s founder and executive chairman, MicroStrategy has spent approximately $8.33 billion to accumulate a total of 226,331 Bitcoin, averaging $36,798 per Bitcoin.
The move follows the company’s announcement last week of raising $500 million to buy Bitcoin through the sale of convertible senior notes due in 2032.
Shortly thereafter, MicroStrategy raised its initial target by 40% to $700 million, indicating that the funds would be used to acquire more Bitcoin and “for general corporate purposes.”
MSTR shares more than 2% in premarket trading Thursday.
Source: Cryptocurrency - investing.com
