Crypto
MicroStrategy (MSTR) Boosts Bitcoin (BTC) Holdings with $460M Purchase, Upsized Convertible Note Offering to $1B
MicroStrategy, led by Executive Chairman Michael Saylor, continues to lead the way in bitcoin adoption as a corporate treasury asset. The company has solidified its position as the largest corporate holder of BTC since it began purchasing the digital currency in 2020.
In its most recent acquisition, MicroStrategy now holds a total of 252,220 bitcoin, which is valued at nearly $16 billion based on current market prices. The company acquired the bitcoin at an average price of $39,266, resulting in a total cost of $9.9 billion.
