MicroStrategy, a publicly traded machine agency founded by Bitcoin maximalist Michael Saylor, has doubled down on the most effective cryptocurrency by market cap even as the designate of BTC has risen in recent weeks.

On Monday morning, MicroStrategy presented it bought roughly 12,000 bitcoins for $821.7 million in money between Feb. 26, 2024 to March 10, 2024. The money primarily came from the completion of a non-public offering of convertible senior notes, in step with the agency’s submitting with the U.S. Securities and Alternate Price this day.

The announcement comes two weeks after the machine agency’s old SEC disclosure, which confirmed MicroStrategy bought 3,000 bitcoins for $155.4 million in money between Feb. 15 and Feb. 25. In full, MicroStrategy has obtained nearly $1 billion price of BTC since Feb. 15.

MicroStrategy’s most as a lot as date BTC acquisition is its second-biggest derive on narrative of the agency started amassing the 15-twelve months-dilapidated cryptocurrency in 2020.

“Bitcoin, as the area’s most widely-adopted cryptocurrency, is a trusty retailer of designate and a honest looking out investment asset with extra lengthy-term appreciation potential than retaining money,” Saylor acknowledged in August 2020 — when he became as soon as CEO of MicroStrategy — about a $250 million derive of bitcoin.

The machine firm, which owns the most effective BTC retaining amongst publicly traded corporations, holds in full about 205,000 bitcoins, price $14.76 billion at recent designate-to-market costs. The average designate of MicroStrategy’s most as a lot as date BTC acquisition stands at around $68,477, whereas the present designate of the machine firm’s aggregate derive designate is $33,706.

The price of MSTR has increased nearly 100% to $1,567 this day since its old BTC acquisition disclosure submitting on Feb. 26, when it became as soon as $785.25, per Yahoo Finance. Within the the same timeframe, the designate of BTC has jumped better than 40% to above $72,000, from around $51,000, records from CoinGecko reveals.

MSTR and BTC are each in any admire-time highs.