MicroStrategy’s Bitcoin investment approaches 500 thousand tokens

By utilizing a $2 billion bond income, MicroStrategy has purchased an additional 20,356 Bitcoins. The company’s total BTC assets have reached 499,096 tokens, with the portfolio’s value hitting $47.7 billion.
MicroStrategy, renowned for its significant investments in Bitcoin (MSTR), has brought its BTC holdings close to half a million with the latest purchase.
Under the leadership of Chairman Michael Saylor, the company utilized funds derived from a $2 billion 0% interest convertible bond offering that took place last week to purchase an additional 20,356 Bitcoins (BTC). According to the announcement made by the company on Monday, a total of $1.99 billion was spent on the acquired BTC, with the average purchase price per token being $97,514. With this recent acquisition, MicroStrategy’s Bitcoin holdings have reached 499,096. The company has acquired these assets by spending a total of $33.1 billion, with an average purchase price of $66,357. Considering the current price of Bitcoin at $95,500, MicroStrategy’s BTC portfolio is currently valued at approximately $47.7 billion. This indicates that the company has achieved a significant gain with the current market prices. MicroStrategy’s shares showed a slight recovery in pre-market trading on Monday following the drop below $300 on Friday.