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MicroStrategy buys 11.000 Bitcoin

In these politically turbulent times, there seems to be one constant: MicroStrategy.

By Mike Hesp
• 2 min read
MicroStrategy buys 11.000 Bitcoin

In these politically turbulent times, there seems to be one constant: MicroStrategy. Founder Michael Saylor's company has done it again and bought Bitcoin again.

According to a post on X (formerly Twitter), MicroStrategy has increased its stock by 11,000 BTC. The cost? About US$1.1 billion, which works out to an average price of about US$101,191 per Bitcoin.

View post on X

With this, MicroStrategy now owns a total of 461,000 Bitcoins, worth about $29.3 billion. This leaves it by a wide margin as the publicly traded company with the most BTC on its balance sheet.

These purchases are part of the strategy MicroStrategy has been pursuing for the past year. The company currently buys Bitcoin on a weekly basis, although the amounts vary from week to week.

To fund these massive investments, MicroStrategy uses a unique model. At the core of the strategy is raising debt through convertible bonds, most of which goes directly to Bitcoin investments.

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