Bitcoin breaks $72k as MicroStrategy acquires an additional 12,000 BTC
Bitcoin price hit an all-time high above $72,000 as MicroStrategy added 12,000 BTC to its holdings. MicroStrategy now holds 205,000 BTC acquired at approximately $6.91 billion. BTC traded to the $72,211 peak to see its market cap hit $1.42 trillion and surpass Silver as world’s 8th largest asset. MicroStrategy has added an extra 12,000 BTC to its Bitcoin holdings, the company led by Michael Saylor has announced. Saylor revealed the major news on Monday, stating that the firm bought the bitcoins for approximately $821.7 million. MicroStrategy netted the massive haul at the average price of $68,477 per BTC . According to Saylor, the company acquired the additional coins using proceeds from its convertible notes and excess. Earlier in the day, reports indicated MicroStrategy had secured an 800 million loan for a six-year period. The company used the money to boost its Bitcoin holdings. “As of 3/10/24, $MSTR hodls 205,000 $BTC acquired for ~$6.91B...