BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

MicroStrategy Reveals Massive 12,000 Bitcoin Buy, Now Holding 205,000 BTC

by Sham
March 11, 2024
in Crypto, Featured
A A
MicroStrategy Reveals Massive 12,000 Bitcoin Buy, Now Holding 205,000 BTC
2
SHARES
Share on TwitterShare on Reddit
  • MicroStrategy announced acquisition of 12,000 additional BTC for $820 million on March 11th, 2024, bringing its total Bitcoin holdings to around 205,000 BTC acquired for $3.9 billion.
  • MicroStrategy’s continuous accumulation of Bitcoin reflects broader institutional adoption of cryptocurrencies as an asset class.
  • As an early institutional mover, MicroStrategy’s substantial Bitcoin holdings strategically position it to capitalize on decentralized finance’s growth.

On March 11, 2024, MicroStrategy announced its acquisition of 12,000 additional BTC for around $820 million in cash. This follows a successful $800 million private offering of convertible senior notes on March 8. The net proceeds of around $820 million provided the capital for MicroStrategy’s latest strategic Bitcoin purchase.

ICYMI: MicroStrategy announced they bought an additional 12,000 #Bitcoin for ~$822M

Totaling 205,000 $BTC held

— BlockNews.com (@blocknewsdotcom) March 11, 2024

Strengthening its Bitcoin Reserves

With this new acquisition, MicroStrategy now holds around 205,000 BTC acquired at a total purchase price of roughly $3.9 billion. This sizable reserve cements MicroStrategy as one of the largest institutional cryptocurrency holders.

Building a Robust Bitcoin Portfolio

MicroStrategy’s continuous accumulation of Bitcoin reflects a broader institutional adoption trend. CEO Michael Saylor‘s advocacy for Bitcoin as “digital gold” has resonated with corporations. MicroStrategy’s substantial BTC holdings and its confidence in Bitcoin’s long-term value underscore its strategic foresight.

The Allure of Bitcoin and Decentralized Finance

With Bitcoin prices reaching new highs and institutional interest surging, MicroStrategy’s bold bet underscores Bitcoin’s enduring appeal. As cryptocurrencies gain legitimacy as an asset class, early institutional movers like MicroStrategy are positioning themselves at the forefront of this financial revolution.

Conclusion

MicroStrategy’s latest BTC acquisition highlights its commitment to leveraging the disruptive potential of digital assets. As more institutions allocate to Bitcoin, MicroStrategy remains strategically poised to capitalize on decentralized finance’s continued growth and adoption.

Tags: BitcoinBTCMichael SaylorMicrostrategy
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

Chainlink Hits Pivotal Level as Whales Start Scooping Up LINK
Chainlink

Chainlink Hits Pivotal Level as Whales Start Scooping Up LINK

May 31, 2025
Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound
Crypto

Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound

May 31, 2025
Avalanche’s Road to $100: Ambitious or Achievable?
Crypto

Avalanche’s Road to $100: Ambitious or Achievable?

May 31, 2025
Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive
Bitcoin

Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive

May 31, 2025
SUI Dips but Trading Volume Pops — What’s Going On?
Crypto

SUI Dips but Trading Volume Pops — What’s Going On?

May 31, 2025
ADA Derivatives Spike as Traders Eye Next Move
Cardano

ADA Derivatives Spike as Traders Eye Next Move

May 31, 2025
Load More

Related News

Chainlink Hits Pivotal Level as Whales Start Scooping Up LINK

Chainlink Hits Pivotal Level as Whales Start Scooping Up LINK

May 31, 2025
Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound

Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound

May 31, 2025
Avalanche’s Road to $100: Ambitious or Achievable?

Avalanche’s Road to $100: Ambitious or Achievable?

May 31, 2025
Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive

Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive

May 31, 2025
SUI Dips but Trading Volume Pops — What’s Going On?

SUI Dips but Trading Volume Pops — What’s Going On?

May 31, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.