MicroStrategy Acquired an Additional 9,245 $BTC, Total Holding Reached 1% of Bitcoin Supply

Reported by decrypt, MicroStrategy has acquired an additional 9,245 Bitcoin, co-founder and Executive Chairman Michael Saylor said on Tuesday. The latest purchase filed with the U.S. Securities and Exchange Commission brings the total held by the business analytics firm to 214,245 BTC, worth around $13.6 billion—constituting over 1% of the total supply of the top cryptocurrency.

“MicroStrategy has acquired an additional 9,245 BTC for $623.0M using proceeds from convertible notes and excess cash for $67,382 per Bitcoin,” Saylor wrote on Twitter. “As of 3/18/24, $MSTR holds 214,246 $BTC acquired for $7.53B at an average price of $35,160 per Bitcoin.”

Last week, Saylor announced that MicroStrategy would sell over $500 million in convertible senior notes to institutional investors to buy more Bitcoin.