{"id":11766,"date":"2024-03-19T18:01:04","date_gmt":"2024-03-19T16:01:04","guid":{"rendered":"https:\/\/forklog.com\/en\/microstrategys-bitcoin-holdings-surpass-1-of-cryptocurrencys-total-supply\/"},"modified":"2024-03-19T18:01:04","modified_gmt":"2024-03-19T16:01:04","slug":"microstrategys-bitcoin-holdings-surpass-1-of-cryptocurrencys-total-supply","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategys-bitcoin-holdings-surpass-1-of-cryptocurrencys-total-supply\/","title":{"rendered":"MicroStrategy&#8217;s Bitcoin Holdings Surpass 1% of Cryptocurrency&#8217;s Total Supply"},"content":{"rendered":"<p>Following its acquisition of 9,245 BTC for $623 million, MicroStrategy&#8217;s cryptocurrency reserves have reached 214,246 BTC, exceeding 1% of the total supply of digital gold.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has acquired an additional 9,245 BTC for ~$623.0M using proceeds from convertible notes &#038; excess cash for ~$67,382 per <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a>. As of 3\/18\/24, <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> hodls 214,246 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$7.53B at average price of $35,160 per bitcoin. <a href=\"https:\/\/t.co\/oeYJGgiuy0\">https:\/\/t.co\/oeYJGgiuy0<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1770061111146033385?ref_src=twsrc%5Etfw\">March 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The firm&#8217;s latest asset acquisitions occurred between March 11 and 18 at an average price of $67,382.<\/p>\n<p>MicroStrategy utilized proceeds from the issuance of convertible senior notes amounting to $592.3 million, along with $30.7 million of its own cash.<\/p>\n<p>The 214,246 BTC held by the company are valued at $7.53 billion, with an average purchase price of $35,160 per coin.<\/p>\n<p>At the time of writing, the leading cryptocurrency continued its correction, falling below the $63,000 level.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"617\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2024-03-19_17-07-15-1024x617.png\" alt=\"BTCUSDT_2024-03-19_17-07-15\" class=\"wp-image-228722\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2024-03-19_17-07-15-1024x617.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2024-03-19_17-07-15-300x181.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2024-03-19_17-07-15-768x463.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2024-03-19_17-07-15.png 1327w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/?exchange=BINANCE\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>MicroStrategy was the first public company to begin converting reserves into the leading cryptocurrency back in August 2020.<\/p>\n<p>The company&#8217;s founder and former CEO, Michael Saylor, has repeatedly stated plans to increase the volume of digital assets held.<\/p>\n<p>In February 2024, he once again <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-rules-out-bitcoin-sales-from-microstrategys-holdings\">ruled out<\/a> selling MicroStrategy&#8217;s bitcoin holdings.<\/p>\n<p>Hal Press, founder of North Rock Digital, opined that the company will eventually have to &#8220;sell every coin&#8221; due to the collapse of Saylor&#8217;s business strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following its acquisition of 9,245 BTC for $623 million, MicroStrategy&#8217;s cryptocurrency reserves have reached 214,246 BTC, exceeding 1% of the total supply of digital gold. MicroStrategy has acquired an additional 9,245 BTC for ~$623.0M using proceeds from convertible notes &#038; excess cash for ~$67,382 per #bitcoin. As of 3\/18\/24, $MSTR hodls 214,246 $BTC acquired for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1156,1207],"class_list":["post-11766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11766"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11765"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}