MicroStrategy’s Treasure Trove: Adding 12,000 Bitcoins to the Chest

  • MicroStrategy acquires 12,000 more bitcoins, significantly increasing its holdings to 205,000 BTC, valued at approximately $14.7 billion.
  • The purchase was largely financed through $782 million raised from a convertible debt offering, demonstrating the company’s innovative approach to funding its cryptocurrency investments.
  • This move reinforces MicroStrategy’s confidence in Bitcoin as a viable investment and strategic asset, underscoring the company’s bullish outlook on the cryptocurrency market.

For an in-depth exploration, check out the full article on CoinDesk.