MicroStrategy buys another 9,245 Bitcoin: Now, the company owns about 1% of all Bitcoin

MicroStrategy, which completed its $603 million bond sale, announced that it purchased 9,245 Bitcoin. The company’s total Bitcoin assets surpassed 214,000 BTC. MicroStrategy thus began to hold more than 1% of the total supply of 21 million.

MicroStrategy buys another 9,245 Bitcoin: Now, the company owns about 1% of all Bitcoin

MicroStrategy, a US software company, continues its Bitcoin purchases. The company announced that it purchased 9,245 BTC today.

According to the statement, the purchase was made between 11 and 18 March. While a total of $623 million was paid, the average cost per BTC was $67,382. MicroStrategy’s Bitcoin reserve surpassed 214,000 BTC with the latest purchase.

The company announced last week that it would offer $500 million in bonds. Demand was higher and reached $100 million above the planned amount.

MicroStrategy also left an important threshold behind with its latest purchase. Reaching 214,246 BTC, the company started to hold more than 1% of the total Bitcoin supply of 21 million for the first time.

MicroStrategy, which has been actively buying Bitcoin since 2020, paid $7.5 billion for all of these holdings. The company’s Bitcoin profit on paper is $6.1 billion.

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