Thursday, April 24, 2025

Bitcoin Bonanza: MicroStrategy’s Massive $780 Million Purchase Shocks Market

News1

“This man is the real deal.”

According to foreign media reports on the 21st, U.S., corporate software company MicroStrategy recently issued convertible bonds (CB) to purchase an additional $780 million worth of Bitcoin. They made this purchase as Bitcoin prices fell below $65,000.

MicroStrategy is famous for its Bitcoin debt investment. According to the U.S. Securities and Exchange Commission (SEC), from April 27 to May 19, MicroStrategy bought 11,931 Bitcoins.

Along with this purchase, the company bought 12,000 Bitcoins for $821 million on March 11, marking three large-scale Bitcoin purchases this year alone.

The company has spent $2.4 billion on Bitcoin purchases this year alone and continues to utilize the corporate bond market to raise funds for the purchases.

With these purchases, MicroStrategy’s Bitcoin holdings have increased to 226,331, worth approximately $14.9 billion at current prices. The company has spent $8.3 billion on Bitcoin purchases.

Michael Saylor, co-founder of MicroStrategy, has been buying Bitcoin since 2020 as an alternative for inflation hedge and holding cash. Since then, the price of Bitcoin has increased by about 600%.

Hot this week

AI Politeness Has a Cost: Saying ‘Thank You’ to AI Adds to Energy and Water Consumption

Users thanking AI may lead to increased energy consumption, as polite interactions raise server loads and electricity costs significantly.

Dow Soars Over 1,000 Points as U.S.-China Trade Hopes Lift Markets

U.S. stock indices surged over 2.5% as optimism grew for a U.S.-China trade deal, while Tesla faced mixed reactions post-earnings.

Oil Snaps Back: U.S. Sanctions on Iran Fuel Fresh Price Surge

Oil prices surged after U.S. sanctions on Iran, despite previous declines due to market sentiment influenced by Trump’s criticism of the Fed.

Conclave Set to Begin as Vatican Mourns Pope Francis; Korean Cardinal Among Electors

Pope Francis's funeral is set to be modest, with a conclave to elect his successor commencing next month. Cardinal You will participate.

Trump-Powell Fallout Roils Markets: Dow Plunges 972 Points, Tesla Drops Nearly 6%

The NYSE faced a major sell-off as doubts about the Fed's independence led to sharp declines in major tech stocks and the dollar.

Topics

AI Politeness Has a Cost: Saying ‘Thank You’ to AI Adds to Energy and Water Consumption

Users thanking AI may lead to increased energy consumption, as polite interactions raise server loads and electricity costs significantly.

Dow Soars Over 1,000 Points as U.S.-China Trade Hopes Lift Markets

U.S. stock indices surged over 2.5% as optimism grew for a U.S.-China trade deal, while Tesla faced mixed reactions post-earnings.

Oil Snaps Back: U.S. Sanctions on Iran Fuel Fresh Price Surge

Oil prices surged after U.S. sanctions on Iran, despite previous declines due to market sentiment influenced by Trump’s criticism of the Fed.

Conclave Set to Begin as Vatican Mourns Pope Francis; Korean Cardinal Among Electors

Pope Francis's funeral is set to be modest, with a conclave to elect his successor commencing next month. Cardinal You will participate.

Trump-Powell Fallout Roils Markets: Dow Plunges 972 Points, Tesla Drops Nearly 6%

The NYSE faced a major sell-off as doubts about the Fed's independence led to sharp declines in major tech stocks and the dollar.

Crude Slips After Trump Criticism of Fed Sparks Market Turmoil

Oil prices plummet as Trump's criticism of Fed Chair Powell triggers market turmoil; gold hits record high amid safe-haven demand.

Delta Sets the Bar: Only Airline on Fortune’s Best Workplaces List

Delta Air Lines ranks 15th in Fortune's '100 Best Companies to Work For', marking six consecutive years on the list, CEO Ed Bastian says.

Snap, Save, Sustain: Samsung’s ‘Ocean Mode’ Contributes to Planting Over 11,000+ Corals

Samsung's Coral in Focus project uses Galaxy tech for coral restoration, achieving significant marine ecosystem improvements in one year.

Related Articles