MicroStrategy has expanded its substantial Bitcoin holdings by purchasing an additional $786 million worth of the cryptocurrency, according to an SEC filing. This acquisition, funded by $800 million raised from selling convertible senior notes, brings the company’s total Bitcoin holdings to approximately 226,331 coins. Michael Saylor’s firm now possesses Bitcoin worth about $15 billion at current valuations, despite having acquired it for a cumulative price of $8.33 billion. This aggressive acquisition strategy has closely tied MicroStrategy’s fortunes to Bitcoin, with the company’s stock performance reflecting Bitcoin’s recent gains.
