MicroStrategy Acquires 12,000 More BTC With Convertible Senior Notes Proceeds

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MicroStrategy (MSTR) has purchased 12,000 more bitcoin (BTC) mostly funded by the $782 million raised from its recent convertible deft offering.

The software firm, founded by staunch bitcoin advocate Michael Saylor, now holds 205,000 BTC worth around $14.7 billion. MicroStrategy acquired its latest batch of BTC for ~$68,477 per coin, Saylor said in a post on X on Monday. In total, the company acquired the bitcoin for $821.7 million, using the proceeds from the debt raise and excess cash.

Jun 23, 2020 at 13:04 UTCUpdated Jun 23, 2020 at 13:05 UTCDeFi Protocols Should Be Fiduciaries, Not Structured Product DealersLex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. This week, I grapple with the concepts of financial centralization…

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Who Is Wei Liu? Second Copyright Filing Appears for Bitcoin White Paper

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Bitcoin Is Poised to Reclaim Crypto’s Spotlight: Berenberg

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Major Banks Back $7.4 Million Funding Round for Korean Blockchain Firm

news Blocko, a South Korean blockchain firm working on enterprise applications of the tech, says it’s raised 9 billion Korean won (around $7.44 million) in an Series B+ round. According an announcement on Thursday, Blocko said Korea’s oldest bank, Shinhan, as well as KEB Hana Bank, LB Investment and Dadam Investment took part in the round. The…

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