As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies and tech stocks, this latest move by MicroStrategy caught my attention. I remember covering their initial foray into Bitcoin back in 2020, so it’s fascinating to see them doubling down on their investment.


MicroStrategy recently disclosed a plan to secure $1.01 billion through a boosted issuance of convertible bonds, carrying a 0.625% interest rate and a 40% premium upon conversion.

In the press release, the company explained its intentions for using the funds. However, before the details were officially announced, Michael Saylor prematurely disclosed a significant Bitcoin purchase.

MicroStrategy recently bought 7,420 Bitcoins for a total of $458.2 million, which amounts to approximately $61,750 per Bitcoin. This acquisition has generated a Quarter-to-Date (QTD) yield of 5.1% and a Year-to-Date (YTD) yield of 17.8%. As of September 19, 2024, we hold around 252,220 Bitcoins, which were purchased for approximately $9.9 billion, equating to roughly $39,266 per Bitcoin.

MicroStrategy Announces Massive $460M Bitcoin Buy

It’s important to mention that the decision was initially made public on September 17th, with the aim of securing $700 million. However, they managed to surpass this amount significantly, which is why it’s referred to as an “upsized offering.

Approximately 60% of MicroStrategy’s Bitcoin holdings represent potential profit, which amounts to roughly $6 billion at the present time.

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2024-09-20 16:24