MicroStrategy Completes $1.01 Billion Note Offering, Holds 252,220 BTC with $6.1 Billion Profit

MicroStrategy has completed a $1.01 billion upsized offering of convertible notes with a 0.625% coupon rate and a 40% conversion premium. The funds raised will be used to purchase more Bitcoin.

The company now holds 252,220 Bitcoin, acquired for approximately $9.9 billion at an average cost of $39,266 per Bitcoin. This includes 7,420 Bitcoin purchased for $458.2 million between September 13-19.

As a result, MicroStrategy's Bitcoin holdings are now worth over $16 billion, and the company has made approximately $6.1 billion in profit from its Bitcoin investments.

Michael Saylor, the CEO of MicroStrategy, continues to be a major proponent of Bitcoin. The initial $700 million offering was increased due to strong demand. MicroStrategy now owns 1.25% of all Bitcoin in the current market.

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