MicroStrategy Buys 12,000 More Bitcoin, Now Holds 205,000 BTC

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Michael Saylor, founder and executive chairman at MicroStrategy, spotlighted this in a post on X today. This disclosure follows the company’s announcement on March 4 regarding their intention to invest $600 million, derived from the sale of convertible notes, into acquiring Bitcoin. For the uninitiated, convertible notes are financial instruments that companies use to raise funds. Essentially, they are loans that can be converted into company stock at a later date. MicroStrategy has now announced the purchase of more Bitcoin tokens a few days after the convertible notes disclosure. The…

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