Cryptocurrencies
MicroStrategy Owns About 1% of All Bitcoin With Latest Purchase
- Purchase were made with proceeds from a convertible note sale
- MicroStrategy in total held 214,246 Bitcoin as of March 18
The maximum total amount of Bitcoin is 21 million, with about 19.7 million tokens having been issued so far.
Photographer: Damian Lemanski/BloombergMicroStrategy Inc. made its second multi-million dollar purchase of Bitcoin in a little more than a week, raising the company’s holdings to more than 1% of all the cryptocurrency that will ever be issued.
The enterprise software maker, whose corporate strategy includes buying the digital currency, purchased 9,245 Bitcoin for $623 million between March 11 and March 18, according to a US Securities and Exchange Commission filing on Tuesday. The purchase, along with a $821.7 million Bitcoin acquisition announced last week, were both financed mostly through the sale of convertible notes.