MicroStrategy’s (MSTR) Bitcoin for Corporations conference has kicked off day 2, featuring Wall Street executives and leading fintech professionals exploring the future of corporate Bitcoin adoption.
Japanese public company Metaplanet is purchasing $6.5 million in Bitcoin for its corporate treasury, mimicking MicroStrategy’s BTC accumulation strategy.
MicroStrategy has continued expanding its bitcoin holdings, announcing the purchase of approximately 9,245 bitcoins for around $623 million in cash.
MicroStrategy has upsized its planned convertible senior notes offering to $525 million in order to purchase more Bitcoin.
The business intelligence firm continues its aggressive bitcoin accumulation strategy as its stock price rips past $1,330.
The business intelligence firm has acquired 31,755 bitcoins since the end of Q3, 2023 for $1.25 billion.
Saylor said earlier that he would use the proceedings from the sale to address personal obligations and buy more bitcoin to his personal account.
The company now holds 174,530 BTC worth $6.59 billion.
