The Crypto Roundup: 21 June 2024 |

The Crypto Roundup: 21 June 2024 |

The Crypto Roundup: 21 June 2024 | PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Nasdaq-listed business intelligence firm MicroStrategy, the largest corporate holder of Bitcoin, has purchased an additional 11,931 BTC for approximately $786 million, bringing its total holdings to 226,331 coins.

The purchase, made between April 27 and June 19, saw MicroStrategy add more Bitcoin to its treasury at an average price of $65,883 per BTC, raising its cost basis for its entire $14.9 billion holdings to $8.33 billion, reflecting an average price of $36,798 per bitcoin inclusive of fees.

This latest acquisition follows a previous purchase of 9,245 BTC for $623 million back in March, which was followed by two smaller transactions that pushed the firm’s holdings past 1% of Bitcoin’s total supply of 21 million.

The move came after MicroStrategy successfully completed a private convertible senior note offering, with the notes carrying a 2.25% coupon and a conversion premium of approximately 35% over the average price of the company’s common stock.

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