MicroStrategy Bought Another $458 Million
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin This Week
MicroStrategy Bought Another $458 Million in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin This Week
Michael Saylor's firm now holds nearly $16 billion in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin with this
purchase, which came just days after the last one.
By Murtuza Merchant
Sep 20, 2024 Sep 20, 2024
2 min read
MicroStrategy and Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. Image: Shutterstock
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Business intelligence• Экономика » Бизнес » Менеджмент » Управление проектами » Управление данными » Бизнес-анализ firm MicroStrategy (MSTR) has purchased 7,420 Bitcoin
(BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) for approximately $458.2 million, bringing the company’s total holdings
to 252,220 BTC, with an average purchase price of $39,266 per coin.
With the purchase, MicroStrategy has only emphasized its status as the largest
corporate treasury reserve holder of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, with its stash of BTC now valued
at $15.9 billion as of this writing.
An SEC filing on Friday also revealed that MicroStrategy raised $1.01 billion
through a convertible senior note offering, with the proceeds earmarked for
further Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin acquisitions.
While it is not confirmed whether this specific purchase was funded directly
by the $1.01 billion note, MicroStrategy’s strategy has frequently involved
using both debt and internal funds to accumulate Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. Michael
Saylor's firm has steadily increased its holdings over the last four
years, despite market volatility.
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Just last week, the firm disclosed a purchase of 18,300 Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin—about $1.1
billion worth at the time. That was the firm's largest purchase since
2021. And then earlier this week, the firm said it planned to raise $700
million to both pay off earlier debts as well as purchase even more Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin.
Saylor, the co-founder and former CEO of MicroStrategy, has been one of the
most vocal proponents of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin as a corporate treasury asset.
He first made waves in 2020 when MicroStrategy became the first publicly
traded company to convert a significant portion of its cash reserves into
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. Since then, Saylor has advocated for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin as a hedge against
inflation and a more secure store of value compared to traditional assets like
gold or cash.
Saylor has emphasized his belief in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s long-term potential , even in
the face of market fluctuations. He noted that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s decentralized nature
makes it a superior asset in uncertain economic conditions. According to
Saylor, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is “the apex asset,” and its ability to store value will
continue to increase as institutional interest grows .
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The company's total purchases of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin now amount to nearly $9.9
billion. MicroStrategy’s stock is up about 1% on the day to a current price of
about $146, pushing its year-to-date price jump to 113%.
Edited by Andrew Hayward
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