On Friday, MicroStrategy announced that it had acquired 7,420 Bitcoin for $458.2 million using the proceeds from its recent debt offering.
The purchase took place between September 13 and 19, with an average price of approximately $61,750 per BTC.
According to a filing with the US Securities and Exchange Commission on Friday, the company increased its convertible note issuance from $700 million to $1.01 billion.
This was in addition to the $700 million principal offering announced earlier this week, which concluded on Thursday.
MicroStrategy‘s Bitcoin yield, a unique metric used to measure the percentage change in the company’s BTC holdings compared to its fully diluted shares outstanding, has increased to 5.1% for this quarter.
This is up from 4.4% on September 13, as shown in the company’s filings. Executive Chairman Michael Saylor has been a proponent of Bitcoin as a corporate treasury asset, and MicroStrategy has become the largest corporate holder of BTC since it began purchasing in 2020.
