The company, led by Executive Chairman Michael Saylor, started purchasing bitcoin in 2020, adopting it as a reserve asset for its treasury. Since then, it has become the largest corporate buyer of bitcoin, accumulating 244,800 BTC, worth roughly $14.2 billion at current prices. Only days ago, MicroStrategy disclosed the purchase of an additional $1.1 billion worth of bitcoin, leaving it with $900 million available under a previous offering.
Source: https://www.coindesk.com/business/2024/09/16/michael-saylors-microstrategy-plans-another-700m-convertible-note-issuance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines