On Thursday, Microstrategy revealed the purchase of 11,931 new BTC worth $786.0 million. Now, the company's Bitcoin reserves amount to 1.15% of the total asset capitalization.
Microstrategy acquires nearly 12,000 new BTC
While the price of Bitcoin (BTC) has been sailing between $60,000 and $70,000 for several months now, Microstrategy revealed yesterday that it had taken advantage of this range period. to continue your bitcoin purchases.
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Thus, the company's announcement tells us that it accumulated, between April 27 and June 19, the equivalent of 11,931 BTC for approximately $786.0 million. This purchase, to say the least significant, brings the company's total assets to 226,331 bitcoins, for an average purchase price of $36,798 per unit.
At current market prices, such cash represents the equivalent of $14.37 billion, or nearly 1.15% of Bitcoin's total capitalization today.
While on several occasions since the spring we have been able to look back at the bond issues carried out by Microstrategy, this week's announcement is not insignificant. And for good reason, the company rightly announced, in parallel with its BTC purchases, that the net proceeds from a recent sale of convertible notes had brought it $786 million. The number of BTC purchased mentioned above is therefore not due to chance.
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At the time of writing these lines, one bitcoin is trading at a price of $63,700.
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Source: Microstrategy
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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