MicroStrategy (MSTR) acquired a further 12,000 bitcoins, in keeping with a safety submitting on Monday.
Shares of MSTR jumped greater than 9% on the open on Monday, whereas Bitcoin (BTC) was buying and selling round $72,000 on the time of writing.
The acquisition was made utilizing funds the software program know-how agency raised via a convertible observe providing introduced earlier this month. The providing was accomplished on March 8 and raised a complete of $800 million in principal.
“MicroStrategy raised a further 12,000 BTC for ~$821.7 million utilizing convertible observe proceeds and extra money for ~$68,477 per bitcoin,” firm founder and chairman Michael Saylor stated in a publish on X.
With this newest acquisition, MicroStrategy’s Bitcoin holdings rose to 205,000 BTC, which have been bought at a complete value of $6.91 billion, a median of $31,500 per Bitcoin.
