MicroStrategy Buys 9,245 More BTCs, Now Holding 1% of Total Bitcoin Supply

MicroStrategy (NASDAQ ticker: MSTR), the largest single holder of BTC outside of bitcoin spot ETFs, now owns more than 1% of the total BTC supply with this latest purchase. The unrealized gain is estimated to be approximately $6 billion. Michael Saylor, CEO of MicroStrategy, previously stated, "We purchased an additional 9,245 BTCs through the issuance of $637.5 million in convertible notes and cash. The average purchase price was $67,382. As of March 18, local time, MicroStrategy held 214,246 BTC at an average price of $35,160. Previously, Microstrategy announced that it had issued convertible notes to purchase additional bitcoin, which it will sell by March 18.