Bitcoin

A business intelligence company called MicroStrategy has bought 12,222 bitcoins for $805.2 million since the second quarter of 2024. This brings its total shares to 226,500 BTC, which is an average price of $36,821 per <a href="https://optimisus.com/news/crypto-news/microstrategys-bitcoin-holdings-skyrocket-to-nearly-15-billion-after-acquiring-12000-more-bitcoins/" rel="noopener noreferrer nofollow">Bitcoin</a>.The business bought an extra 169 BTC in July for $11.4 million. In Q2, the company made $24.1 million from subscription services, which is up 21% year-over-year. However, overall sales dropped 7.4% to $111.4 million compared to Q2 2023.MicroStrategy had a net loss of $102.6 million for the quarter, mostly because it lost $180.1 million because its bitcoin assets were worth less than they were worth. The company put out $800 million in convertible notes due in 2032 and said it would redeem $650 million in convertible notes due in 2025.The company wants to use the fact that it has the most Bitcoin of any company to increase the value of its shares, even though short-term changes in Bitcoin prices will affect quarterly results.From April to June 2024, <a href="https://optimisus.com/news/crypto-news/microstrategys-bitcoin-holdings-skyrocket-to-nearly-15-billion-after-acquiring-12000-more-bitcoins/" rel="noopener noreferrer nofollow">MicroStrategy acquired around 12,000 more bitcoins</a>, bringing their total to 226,331, valued at nearly $15 billion. The corporation has allocated $8.33 billion to accumulate these bitcoins, with an average purchase price of $36,798 per bitcoin.

MicroStrategy acquires 12,222 bitcoins at an average price of $65,882 each during Q2

Optimisus

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