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MicroStrategy’s Bitcoin Stash Exceeds 250,000 BTC Following Half-Billion Dollar Acquisition

  • MicroStrategy, led by Bitcoin bull Michael Saylor, raised $1.01 billion through the sale of convertible senior notes.
  • The company allocated $458 million to purchase additional Bitcoin, bringing their total holdings to around 252,220 BTC.
  • MicroStrategy redeemed $500 million of higher-interest notes, shifting to lower borrowing costs and expanding their crypto portfolio.
  • Bitcoin's price has recovered and is consolidating above $63,000, with potential resistance at $64,000.

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