Creative Recap: MicroStrategy Completes $800 Million Convertible Bond Issuance, Goes All-in with Purchase of 12,000 Bitcoins

Creative Recap: MicroStrategy Completes $800 Million Convertible Bond Issuance, Goes All-in with Purchase of 12,000 Bitcoins

Creative Recap: MicroStrategy Completes $800 Million Convertible Bond Issuance, Goes All-in with Purchase of 12,000 Bitcoins

According to an official press release from MicroStrategy, the company announced on Monday (11th) the completion of an $800 million convertible bond offering and sale. Subsequently, MicroStrategy founder Michael Saylor announced that the company has invested $821.7 million to purchase 12,000 bitcoins, with an average purchase price of approximately $68,477.

As of March 10, 2024, MicroStrategy holds 205,000 bitcoins with an average purchase price of $33,706. Prior to the publication of this article, the price of bitcoin had reached $72,200, reaching a new all-time high. The trading price at the time of submission is $71,500. Based on the current price, the total value of bitcoins held by MicroStrategy is as high as $14.6 billion.