---
title: "MicroStrategy Announces Massive $460M Bitcoin Buy"
url: https://diffcoin.com/microstrategy-announces-massive-460m-bitcoin-buy/
description: "MicroStrategy bought another $460 million worth of BTC at $61,750."
published: 2024-09-20
updated: 2024-09-20
author: "Mila"
site: "Diffcoin"
---

# MicroStrategy Announces Massive $460M Bitcoin Buy

MicroStrategy has just announced raising $1.01 billion in an upsized offering to convertible notes at 0.625% Coupon and 40% conversion Premium.

The company detailed how it plans to use the funds in the press release itself, but Michael Saylor already jumped the gun and revealed a massive BTC buy.

> MicroStrategy has acquired 7,420 BTC for $458.2 million at $61,750 per bitcoin and has achieved BTC Yield of 5.1% QTD and 17.8% YTD. As of 9/19/2024, we hodl 252,220 BTC acquired for apprx. $9.9 billion at $39,266 per bitcoin.
> 
> ![Screenshot 2024-09-20 at 16.18.57](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCA2MTEgNDcyIiB3aWR0aD0iNjExIiBoZWlnaHQ9IjQ3MiIgZGF0YS11PSJodHRwcyUzQSUyRiUyRmNyeXB0b3BvdGF0by5jb20lMkZ3cC1jb250ZW50JTJGdXBsb2FkcyUyRjIwMjQlMkYwOSUyRlNjcmVlbnNob3QtMjAyNC0wOS0yMC1hdC0xNi4xOC41Ny5wbmciIGRhdGEtdz0iNjExIiBkYXRhLWg9IjQ3MiIgZGF0YS1iaXA9IiI+PC9zdmc+)

It’s worth noting that the move was first announced on Sept. 17th, when the company intended to raise $700 million. They raised over a billion, hence the “upsized offering,” part.

The current value of MicroStrategy’s BTC holdings is around $15.8 billion. This means they’re sitting on paper profits of around $6 billion or approximately 60%.

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[Source link](https://cryptopotato.com/microstrategy-announces-massive-460m-bitcoin-buy/)