©Reuters
MicroStrategy (MSTR) purchased an additional 12,000 units of Bitcoin, as reported in a filing with the Securities and Exchange Commission on Monday.
The MSTR stock price rose more than 9% as the stock market opened on Monday, while the cryptocurrency Bitcoin (BTC) was trading at around $72,000 at the time of writing. .
The acquisition was financed by capital that the software company obtained through the issuance of convertible debt securities, which was previously announced this month. The issuance closed on March 8 and raised a total of $800 million in capital.
“MicroStrategy purchased an additional 12,000 units of BTC for approximately $821.7 million, using funds from the convertible debt issuance and excess funds, at an approximate cost of $68,477 per unit of BTC.” , said Michael Saylor, the company’s founder and CEO, in a post on a social media platform.
Following this recent purchase, MicroStrategy’s total Bitcoin portfolio grew to 205,000 units of BTC, acquired at a total cost of $6.91 billion, with an average purchase price of $31,500 per unit of Bitcoin .
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