MicroStrategy Incorporated announced on Thursday the completion of a private offering of convertible senior notes on June 18, 2024.
The company disclosed that between April 27, 2024, and June 19, 2024, it acquired around 11,931 bitcoins for $786 million. This acquisition was funded by the note offering and excess cash at an average price of $65,883 per bitcoin.
Moreover, as of June 20, 2024, MicroStrategy and its subsidiaries hold a total of approximately 226,331 bitcoins, bought at an aggregate price of $8.33 billion, averaging $36,798 per bitcoin.
