Title: “MicroStrategy’s Bitcoin Holdings Surge as Price Dips: Latest Updates”

Jun 20, 2024

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Bitcoin News Update

Summary

MicroStrategy currently holds $8.33 billion worth of 226,331 Bitcoins as the price of Bitcoin dips below $65,000. The company recently bought an additional 11,931 Bitcoins to increase its holdings.

Introduction

MicroStrategy, led by Michael Saylor, has been actively investing in Bitcoin and recently purchased more Bitcoins to boost their holdings. The company also announced plans to sell convertible notes to further support its Bitcoin investments.

Main Points

MicroStrategy holds a substantial amount of Bitcoins, with a recent purchase of 11,931 coins valued at over $65,883 each. The company’s convertible notes with an interest rate of 2.25% can be converted into cash or MicroStrategy shares before 2031.

Conclusion

The price of Bitcoin has been fluctuating, with recent resistance at $66,000. Market experts predict potential price rebounds if MicroStrategy utilizes its convertible notes for Bitcoin investments. Additionally, other crypto news includes the Indian Rupee hitting a record low and concerns over Tether facing a collapse.



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