MicroStrategy announced the purchase of bitcoin for almost another $ 500 million

MicroStrategy remains the largest cryptocurrency holder among public companies. She owns 105 thousand bitcoin, the average purchase price is $ 26 thousand.

MicroStrategy announced a $ 489 million investment in Bitcoin. The company purchased 13 thousand coins at an average rate of $ 37.6 thousand.

Currently, the software manufacturer owns 105 thousand bitcoin and remains the largest holder of cryptocurrency among public companies.

On June 14, MicroStrategy announced that it had completed a $ 500 million bond placement. These funds were raised to buy cryptocurrency.

MicroStrategy Completes $500 Million Offering of 6.125% Senior Secured Notes Due 2028 with #Bitcoin Use of Proceeds. @MicroStrategy’s existing approximately 92,079 bitcoins are being held by a newly formed subsidiary, MacroStrategy LLC. $MSTRhttps://t.co/avdKhHDLMH

— Michael Saylor (@michael_saylor) June 14, 2021

The company also announced that it could sell its own shares worth up to $ 1 billion for additional investments in cryptocurrency.

MicroStrategy filed a corresponding application with the US Securities and Exchange Commission (SEC).

On June 21, the bitcoin rate fell to a local minimum of $ 31.7 thousand, the first cryptocurrency is traded at $ 32.3 thousand, over the past day it has fallen in price by 4%.