MicroStrategy’s holdings are just 5,000 BTC shy of 1% of Bitcoin’s theoretical maximum supply
According to Cointelgraph, MicroStrategy has submitted a $500 million application for convertible senior notes this week and plans to use the funds to purchase more Bitcoin. Assuming that the price of Bitcoin remains at its current level of around $73,000, MicroStrategy will be able to purchase 6,800 Bitcoins with the newly raised funds. Currently, MicroStrategy holds 205,000 BTC, only 5,000 BTC away from 1% of the theoretical maximum supply of Bitcoin. If they were to use all of the newly raised $500 million to purchase Bitcoin, their holdings would exceed 1% of the theoretical maximum supply of Bitcoin.
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