This evening (June 20), MircroStrategy made an official announcement that its latest Bitcoin purchase worth 786 million USD was completed at an average price of about 65,883 USD for 1 #Bitcoin. This is the amount of money the company got after a successful $800 million bond offering.
Accordingly, on June 13, MicroStrategy announced its plan to offer convertible bonds with an initial amount of 500 million USD, then increased to 700 million USD and finally closing at 800 million USD.
As of 6/20/24, $MSTR holds 226,331 BTC acquired for ~$8.33 billion at an average price of $36,798 per Bitcoin. Thus, MicroStrategy is making a profit of more than 80% of the investment portfolio value.
MicroStrategy started investing in Bitcoin in August 2020 with 250 million USD and continuously added more despite suffering losses. Many other companies such as Metaplanet and Semler Scientific are also starting to see Bitcoin as an effective investment tool.
Every time MicroStrategy announces the purchase of Bitcoin, the market will often fluctuate. Do you think the Bitcoin price will react positively or negatively?
Please leave your thoughts in the comments to let Virtual Money Blog know!
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