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MicroStrategy Now Holds Over 105,000 Bitcoins After Buying Another 13,005 BTC

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Mon, 21/06/2021 - 12:10
MicroStrategy Now Holds Over 105,000 Bitcoins After Buying Another 13,005 BTC
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According to the recent tweet of CEO Michael Saylor, MicroStrategy business software maker has just purchased another stash of Bitcoin and now it holds more than 105,000 BTC.

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This is equal to a staggering $3,415,818,000.

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Now, the company has bought another 13,005 BTC, spending $489 million in cash at an average price of $37,617 per coin.

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Image via Twitter

As reported by U.Today earlier, on June 7, the company offered senior secured notes worth $400 million to investors, planning to invest the raised debt in Bitcoin.

However, later on, MicroStrategy increased its offering to half-a-billion dollars.

Now, that Bitcoin has plunged to the levels not seen for three weeks, the company has bought the BTC dip.

Early today, the flagship cryptocurrency dropped from the $35,000 level first to the $33,900 and then down to the $32,700 zone.

At the time of writing, BTC is changing hands at $32,389, as per the data provided by CoinMarketCap.

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