2024-03-19 12:55:40
MicroStrategy, a US-listed company that dominates Bitcoin holdings, disclosed tonight (19th) that the company once once more spent US$600 million in the past week to buy 9,245 Bitcoins.
(Previous summary: Bitcoin exceeded 72,000! Micro-strategy used another $820 million to buy 12,000 BTC)
(Background supplement: MicroStrategy’s crazy purchase of “31,000 BTC” in Q4 created the largest growth in three years, and now holds 190,000 BTC, a big winner)
The founder of MicroStrategy, a US listed software company, tonight (19)Announce, previously announced that the issuance of convertible bonds of up to US$600 million has been completed.At the same time, the micro strategy was also released immediatelyPress releaseIt said that the company had spent US$623 million to buy 9,245 Bitcoins between March 11 and March 18 (the purchase cost was US$67,382).
As of now, the company holds a total of 214,246 Bitcoins, with an average holding cost of approximately US$35,160, once once more fulfilling its previous commitment to continue to buy BTC.
MicroStrategy has acquired an additional 9,245 BTC for ~$623.0M using proceeds from convertible notes & excess cash for ~$67,382 per #bitcoin. As of 3/18/24, $MSTR hodls 214,246 $BTC acquired for ~$7.53B at average price of $35,160 per bitcoin.
— Michael Saylor⚡️ (@saylor) March 19, 2024
Bitcoin fell below 64,000, a loss this time?
The only difference is that the previous purchases by MicroStrategy were accompanied by a sharp rise in Bitcoin, but this time the time of purchase from the company (3/11~3/18) and the average cost were US$67,382, showing a floating loss. situation; however, overall, there is still a floating profit of nearly US$7 billion.
Founder of MicroStrategy: Never sell Bitcoin
As a firm believer in Bitcoin, Michael Saylor has repeatedly emphasized in previous interviews that “MicroStrategy has no plans to sell Bitcoin in the near future or even ever, and continues to be optimistic regarding BTC.”
Michael Saylor said that he will always buy top assets, and holding Bitcoin is the market exit strategy of MicroStrategy. The current market value of Bitcoin has just exceeded US$1 trillion and is competing with larger asset classes such as gold, real estate, and the S&P Index. , but in his view, Bitcoin is a superior product to all these asset classes:
We believe capital will continue to flow into Bitcoin from other asset classes because Bitcoin is technically superior to these asset classes, in which case there is no reason to sell the winners and buy the losers.
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