As a seasoned financial analyst with over a decade of experience in the technology sector, I’ve closely followed MicroStrategy’s bold and innovative approach to Bitcoin adoption. With this latest purchase of 11,931 Bitcoin for $786.0 million, Michael Saylor and his team have further solidified their position as pioneers in the digital currency space.
MicroStrategy, a U.S. business intelligence company, boosted its Bitcoin reserves by buying 11,931 coins for approximately $786 million, which averages out to around $65,883 per Bitcoin.
MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per #bitcoin. As of 6/20/24, $MSTR hodls 226,331 $BTC acquired for ~$8.33B at average price of $36,798 per bitcoin.— Michael Saylor⚡️ (@saylor) June 20, 2024
As a analyst, I would rephrase it as: I estimate that MicroStrategy, under the leadership of its founder and executive chairman Michael Saylor, has invested around 8.33 billion dollars in acquiring a total of 226,331 Bitcoins. The average price paid for each Bitcoin was approximately 36,798 dollars.
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2024-06-20 16:04