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MicroStrategy (MSTR) acquired an extra 12,000 Bitcoin, based on a Monday safety submitting.
MSTR shares popped greater than 9% on the market open on Monday, whereas Bitcoin (BTC) was buying and selling round $72,000 on the time of writing.
The acquisition was made utilizing the funds the software program know-how agency raised by a convertible notice providing introduced earlier this month. The providing was finalized on March 8, elevating a complete of $800 million in principal quantity.
“MicroStrategy has acquired an extra 12,000 BTC for ~$821.7M utilizing proceeds from convertible notes & extra money for ~$68,477 per bitcoin,” the corporate’s founder and chairman Michael Saylor mentioned in a publish on X.
With this newest acquisition, MicroStrategy’s Bitcoin holdings have grown to 205,000 BTC, purchased at an total value of $6.91 billion, which averages out to $31,500 per Bitcoin.