MicroStrategy acquires $820 million worth of Bitcoin following the sale of debt securities.

MicroStrategy, the Virginia-based enterprise software firm, has further bolstered its Bitcoin holdings by acquiring an additional $821.7 million worth of the cryptocurrency. The company purchased 12,000 BTC from the proceeds of its debt security sale, bringing its total Bitcoin holdings to 205,000 BTC, valued at over $14.8 billion. This move has positioned MicroStrategy as one of the largest corporate holders of BTC, surpassing BlackRock, the spot BTC ETF issuer. The purchase comes as BTC reached an all-time high on March 11, with its market cap surpassing $1.4 trillion. MicroStrategy’s CEO, Michael Saylor, emphasized that Bitcoin is the superior digital asset and stated that the company intends to hold it for over a century. MicroStrategy plans to continue acquiring BTC using cash, debt, and other financial instruments at its disposal.