MicroStrategy announced today that they bought an extra 11,931 BTC, for approximately $786M. This decision demonstrates the firm's unshakable belief in Bitcoin, despite the cryptocurrency's recent price fluctuations.

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CEO MicroStrategy Michael Saylor promotes this aggressive investment approach, funded by a $700M convertible note sale conducted earlier this week. The firm targeted a $500m raise for Bitcoin investments. However, they expanded the envelope to $700M due to investor enthusiasm.

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These senior convertible notes, maturing in 2032, have a 2.25% interest rate and provide a conversion to equity.

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Now, MicroStrategy's Bitcoin holding sits at an impressive $14.8B worth. They still hold over $6B in unrealized profits. Saylor's strategy is just one: HODL. He claims Bitcoin is superior to traditional assets due to its technical edge. Despite Bitcoin's rollercoaster ride, MicroStrategy's commitment appears stronger than ever.

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