MicroStrategy Buys $786 Million More in Bitcoin With Note Proceeds
- Sale of $800 million in 2.25% convertible notes completed
- MicroStrategy now holds about $14.9 billion in Bitcoin
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MicroStrategy Inc. bought approximately $786 million in Bitcoin with the proceeds raised from the sale of convertible notes.
The company acquired 11,931 Bitcoin between April 27 and June 19, according to a filing Thursday with the US Securities and Exchange Commission. This is MicroStrategy’s third largest acquisition of Bitcoin following its $821 million purchase of 12,000 tokens on March 11.