Bitcoin

Impact

Billion

<ul>
  
 <li>MicroStrategy acquired 18,300 Bitcoin between Aug. 6 and Sept. 12, 2024, for $1.11 billion at an average price of $60,408 per BTC.</li>   
 <li>The company raised $1.11 billion through the sale of 8 million shares to fund its latest Bitcoin purchase.</li>   
 <li>MicroStrategy's Bitcoin holdings now total 244,800 BTC, valued at approximately $14.14 billion, with an average purchase price of $38,585 per BTC.</li> 
</ul>   
<p>MicroStrategy, a publicly traded business intelligence and software company increased the amount of Bitcoin it owns with a sizable acquisition. From August 6 to September 12, the business bought about 18,300 Bitcoin.&nbsp;</p>   
<p>Notably, with fees and other expenses included, the $1.11 billion total investment was executed at an average price of $60,408 per Bitcoin. The company's resolve to expand its cryptocurrency portfolio is reaffirmed by this action.</p>   
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<h2 class="wp-block-heading" id="h-funding-the-acquisition-through-stock-sales"><strong>Funding the Acquisition Through Stock Sales</strong></h2>   
<p>Prior to this, MicroStrategy sold a sizable portion of its shares to pay for this acquisition. The sale of 8,048,449 shares brought in about $1.11 billion for the company. This money was then immediately used to purchase additional Bitcoin, in line with the business's continuing plan to use its equity to <a href="https://cryptonewsland.com/u-s-corporations-to-invest-10-3b-in-bitcoin-following-microstrategys-success/" target="_blank" rel="noreferrer noopener">increase</a> its reserves of cryptocurrency.&nbsp;</p>   
<p>Additionally, on August 1st, a sales agreement was made for these shares in collaboration with multiple financial institutions. The deal was finalized by September 12th, greatly increasing MicroStrategy's Bitcoin holdings.</p>   
<h2 class="wp-block-heading" id="h-increasing-bitcoin-reserves-to-14-14-billion"><strong>Increasing Bitcoin Reserves to $14.14 Billion</strong></h2>   
<p>Notably, MicroStrategy now has roughly 244,800 BTC in total as a result of this most recent acquisition. These holdings are currently valued at approximately $14.14 billion in total. Since making its initial purchase of Bitcoin in August 2020, MicroStrategy has gradually increased the size of its portfolio.</p>   
<p>Since then, the company's average acquisition price per Bitcoin is $38,585. To date, the total investment made has been close to $9.45 billion.</p>   
<h2 class="wp-block-heading" id="h-microstrategy-s-continued-impact-on-the-market"><strong>MicroStrategy’s Continued Impact on the Market</strong></h2>   
<p>However, analysts and investors have continuously disagreed over MicroStrategy's approach to Bitcoin. While some see the company's aggressive Bitcoin acquisition as a risky move, others think it shows faith in the long-term potential of cryptocurrencies.&nbsp;</p>   
<p>Notably, despite changes in the market, the company has not slowed its acquisitions. Since August 2020, its holdings of Bitcoin have grown significantly, outpacing the S&amp;P 500 index in this time frame. Furthermore, since MicroStrategy made its first Bitcoin purchase, the value of its stock has increased by 1,000%.</p> 
<p>The post <a href="https://cryptonewsland.com/microstrategy-acquires-1-11-billion-worth-of-bitcoin-expands-holdings/">MicroStrategy Acquires $1.11 Billion Worth of Bitcoin, Expands Holdings</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

MicroStrategy Acquires $1.11 Billion Worth of Bitcoin, Expands Holdings

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