Software giant MicroStrategy continues to spend huge money to collect more Bitcoin.
According to the latest announcement on the official website, MicroStrategy has just purchased another 13,005 Bitcoins for about $489 million in cash.
MicroStrategy revealed an average purchase price per Bitcoin of $37,617.
This Bitcoin purchase by MicroStrategy comes after the company completed a $500 million bond offering. The bonds mature in 2028 with an annual interest rate of 6.125%.
MicroStrategy started buying Bitcoin from August 2020. To date, the company has accumulated 105,085 Bitcoins on its balance sheet.
The purchase price of this Bitcoin is about 2.75 billion USD. The average buying price is about 26,080 USD/BTC.
MacroStrategy LLC – a subsidiary of MicroStrategy, currently holds approximately 92,079 Bitcoins.
MicroStrategy CEO Michael Saylor is staying true to his pledge that “the company is only buying more, not selling”.
During the recent Bitcoin price drop on May 19, MicroStrategy was accused of “selling off Bitcoin” by some, responding to Saylor saying that the company never intended to sell, all current Bitcoins are for the purpose of selling Bitcoin. long-term holding.
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