MicroStrategy’s holdings are just 5,000 BTC shy of 1% of Bitcoin’s theoretical maximum supply
According to Cointelgraph, MicroStrategy submitted an application for the issuance of US$500 million in convertible senior notes this week and plans to use the proceeds to purchase more Bitcoin. Assuming that the Bitcoin price remains at the current level of around US$73,000, MicroStrategy will be able to take advantage of this The latest funds raised purchased 6,800 Bitcoins.
MicroStrategy currently holds 205,000 BTC, which is only 5,000 BTC short of 1% of the theoretical maximum supply of Bitcoin. If all of the latest US$500 million in fundraising were to purchase Bitcoin, its holdings would exceed 1% of the theoretical maximum supply of Bitcoin. %.
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