The company made this announcement in a document submitted to the US Securities and Exchange Commission (SEC) on the 25th (local time).
This brings MicroStrategy's total holdings to 386,700 BTC.
This is equivalent to 2% of the total amount of Bitcoin in circulation. The company has been buying up Bitcoin since 2020 as a means of inflation hedging (risk diversification). Initially, it was purchased with the company's operating funds,
Since then, the company has been purchasing Bitcoin with the proceeds from issuing stocks and convertible bonds. On this day, despite the news that the company had purchased additional Bitcoin, the stock price plummeted by 4.37%.
It was recorded at $403.45. This is believed to be due to a large-scale liquidation sale, causing Bitcoin to plummet by about 5%.
2024/11/26 11:13 KST
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