MicroStrategy, a software company listed on the Nasdaq, has acquired an additional 11,931 Bitcoins for $786 million, according to a press release on Thursday.
This brings their total Bitcoin holdings to 226,331 tokens, worth almost $15 billion at the current Bitcoin price of approximately $66,000. The company’s Bitcoins were purchased at an average price of $36,798 each, equivalent to a total of $8.33 billion.
The recent acquisition was made after MicroStrategy raised $800 million through a convertible note offering to institutional investors.
Originally planned to be $500 million, the offering was increased to $700 million before finally closing at $800 million.
In March, the company bought 9,245 BTC for $623 million after raising funds through a similar debt issuance.
