MicroStrategy spends $821 million to grow its Bitcoin hoard to 205,000

Oluwapelumi Adejumo

MicroStrategy has increased its Bitcoin stash to more than 200,00 after acquiring 12,000 Bitcoin for $821 million between Feb. 26 and Mar. 10, according to a Mar. 11 SEC filing. This purchase was primarily financed by the net proceeds from its recent convertible debt offering, alongside excess cash reserves. With this purchase, MicroStrategy has acquired […]

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MicroStrategy spends $821 million to grow its Bitcoin hoard to 205,000