{"id":27445,"date":"2024-03-11T13:21:16","date_gmt":"2024-03-11T13:21:16","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-breaks-72k-as-microstrategy-acquires-an-additional-12000-btc\/"},"modified":"2024-03-11T13:21:16","modified_gmt":"2024-03-11T13:21:16","slug":"bitcoin-breaks-72k-as-microstrategy-acquires-an-additional-12000-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-breaks-72k-as-microstrategy-acquires-an-additional-12000-btc\/","title":{"rendered":"Bitcoin breaks $72k as MicroStrategy acquires an additional 12,000 BTC"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-bull-run-on-etf-news-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-bull-run-on-etf-news-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-bull-run-on-etf-news-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-bull-run-on-etf-news-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Bitcoin price hit an all-time high above $72,000 as MicroStrategy added 12,000 BTC to its holdings.<\/span><\/li>\n<li>MicroStrategy now holds 205,000 BTC acquired at approximately $6.91 billion.<\/li>\n<li><span style=\"font-weight: 400\">BTC traded to the $72,211 peak to see its market cap hit $1.42 trillion and surpass Silver as world\u2019s 8th largest asset.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">MicroStrategy has added an extra 12,000 BTC to its <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> holdings, the company led by Michael Saylor has announced.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Saylor revealed the major news on Monday, stating that the firm bought the bitcoins for approximately $821.7 million. MicroStrategy netted the massive haul at the average price of $68,477 per BTC.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Saylor, the company acquired the additional coins using proceeds from its convertible notes and excess. Earlier in the day, reports <a href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1767151965660651623\" target=\"_blank\" rel=\"noopener\">indicated<\/a> MicroStrategy had secured an 800 million loan for a six-year period. The company used the money to boost its Bitcoin holdings.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cAs of 3\/10\/24, $MSTR hodls 205,000 $BTC acquired for ~$6.91B at average price of $33,706 per bitcoin,\u201d Saylor posted on X.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes &amp; excess cash for ~$68,477 per <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a>. As of 3\/10\/24, <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> hodls 205,000 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$6.91B at average price of $33,706 per bitcoin. <a href=\"https:\/\/t.co\/YayyKtpz8d\">https:\/\/t.co\/YayyKtpz8d<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1767158870294605904?ref_src=twsrc%5Etfw\">March 11, 2024<\/a><\/p>\n<\/blockquote>\n<h2>Bitcoin price breaks to new ATH above $72,000<\/h2>\n<p><span style=\"font-weight: 400\">Bitcoin price soared amid the new purchase, rising to a new all-time high above $72,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With MicroStrategy\u2019s acquisition in place and the spot Bitcoin ETF frenzy still in full swing, its possible the price of Bitcoin could extend gains.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Here\u2019s Messari founder &amp; CEO\u2019s take on Bitcoin price as the cryptocurrency pushed above $71k.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Just to be clear, in the past two years we had the LUNA collapse, the 3AC bankruptcy and crypto credit contagion, FTX fraud and collapse, Genesis-Gemini Earn bankruptcy, and $4bn Binance fine.<\/p>\n<p>Bitcoin is at all time highs.<\/p>\n<p>Stop selling things that never die. <a href=\"https:\/\/t.co\/wv8NUB7ADY\">pic.twitter.com\/wv8NUB7ADY<\/a><\/p>\n<p>\u2014 Ryan Selkis (d\/acc) \ud83c\uddfa\ud83c\uddf8 (@twobitidiot) <a href=\"https:\/\/twitter.com\/twobitidiot\/status\/1767163168634057067?ref_src=twsrc%5Etfw\">March 11, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Earlier in the day, Bitcoin\u2019s market cap flipped that of Silver to become the 8th largest asset in the world.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data from CoinGecko, Bitcoin price has reached a new all-time of $72,211.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-breaks-72k-as-microstrategy-acquires-an-additional-12000-btc\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Bitcoin price hit an all-time high above $72,000 as MicroStrategy added 12,000 BTC to its holdings. MicroStrategy now holds 205,000 BTC acquired at approximately $6.91 billion. BTC traded to the $72,211 peak to see its market cap hit $1.42 trillion [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":27446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27445"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=27445"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/27446"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=27445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=27445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=27445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}