The American company MicroStrategy purchased 9245 BTC for a total of $623 million between March 11 and March 18, 2024. The average purchase price is $67,382.
MicroStrategy has acquired an additional 9,245 BTC for ~$623.0M using proceeds from convertible notes & excess cash for ~$67,382 per #bitcoin. As of 3/18/24, $MSTR hodls 214,246 $BTC acquired for ~$7.53B at average price of $35,160 per bitcoin. https://t.co/oeYJGgiuy0
— Michael Saylor⚡️ (@saylor) March 19, 2024
As of March 18, the company held 214,246 BTC on its balance sheet, worth a total of $7.53 billion, which were purchased at an average price of $35,160.
The company last purchased an additional 12,000 BTC for $821 million between February 26 and March 10.
On the night of March 19, the price of Bitcoin dropped below $63,000. Also on the same day, MicroStrategy completed the placement of convertible bonds in the amount of $603.75 million.
At the time of writing, the first cryptocurrency is trading just above $64,000.
Source: Cryptocurrency
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