MicroStrategy has significantly expanded its Bitcoin holdings by acquiring an additional 9,245 BTC for approximately $623.0M, utilizing proceeds from a successful convertible note sale and excess cash. This purchase, executed between March 11 and March 18, 2024, has raised MicroStrategy's total Bitcoin holdings to 214,246 BTC, marking the company's position as holding over 1% of the total Bitcoin supply. The acquisition was made at an average price of $67,382 per Bitcoin, reflecting a strategic investment as the company's average buying price for its total holdings is about $35,160 per Bitcoin. This move places MicroStrategy's investment in Bitcoin at roughly $7.53B, underscoring its significant stake in the cryptocurrency market. Despite this substantial investment, MicroStrategy still trails behind BlackRock, which holds a larger Bitcoin stash of 237,339 BTC.