Summary
TLDR: MicroStrategy has acquired an additional 9,245 Bitcoin, bringing their total to 214,245 BTC worth $13.6 billion. Despite a flash crash on Bitmex, Michael Saylor remains bullish on Bitcoin, stating that the digital asset is the exit strategy for the company and they have no plans to sell their holdings.
Key Points
1. MicroStrategy has acquired an additional 9,245 Bitcoin, bringing their total holdings to 214,245 BTC, worth around $13.6 billion—constituting over 1% of the total supply of Bitcoin.
2. Even before this latest purchase, MicroStrategy held more Bitcoin, around 205,000 BTC, than its competitors.
3. MicroStrategy acquired the additional Bitcoin for $623.0 million using proceeds from convertible notes and excess cash, with an average price of $67,382 per Bitcoin.