MicroStrategy will attract $ 400 million of investments to buy bitcoin

Currently MicroStrategy is the largest cryptocurrency holder among public companies. She owns 92 thousand digital coins worth over $ 3.3 billion.

MicroStrategy has announced that it plans to raise $ 400 million for the subsequent purchase of bitcoin. It will place a bond issue maturing in 2028. The company’s press release indicates that MicroStrategy will transfer all of its cryptocurrency to a newly formed subsidiary.

MicroStrategy Announces Proposed Private Offering of $400 Million of Senior Secured Notes to acquire additional #bitcoin. $MSTRhttps://t.co/ilhUt1M73j

— Michael Saylor (@michael_saylor) June 7, 2021

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With 92,000 bitcoin worth over $ 3.3 billion, MicroStrategy is the largest cryptocurrency holder among public companies, according to Bitcoin Treasurues. MicroStrategy spent $ 2.2 billion on the purchase of digital coins .Proceeding from this, its paper profit from investments in bitcoin is $ 1.1 billion.

In February 2021, the company has already issued bond loans in the amount of $ 900 million for subsequent investments in cryptocurrency.

The last time MicroStrategy bought bitcoin was in mid-May of this year. Then the company paid $ 10 million for 229 digital coins. The average purchase amount for one bitcoin was $ 43.6 thousand.