MicroStrategy Acquires 12,000 BTC in Latest Purchase, Trumps BlackRock's ETF
By
Elena Rossi
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
MicroStrategy, led by Michael Saylor, has significantly increased its Bitcoin holdings through a successful note offering, acquiring 12,000 BTC. With this purchase, the company now owns over 200,000 BTC worth $14.7 billion, surpassing BlackRock's spot Bitcoin ETF. The move aligns with Bitcoin's soaring price, reaching $72,000, signaling its growing acceptance as a legitimate asset class. Saylor emphasized the company's long-term commitment to holding Bitcoin, solidifying its position as a major player in the crypto market.