Analytics software provider MicroStrategy has just purchased 13,005 BTC for approximately $489 million, the company's CEO Michael Saylor has reported. The average price of Bitcoin in this transaction is approximately $37,617.
Following this latest purchase, MicroStrategy currently holds 105,085 BTC on its balance sheet.
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MicroStrategy has recently announced the sale of $1 billion in company stock with the goal of using some of the proceeds to buy Bitcoin.
MicroStrategy has issued an S-3 notice to the US Securities and Exchange Commission (SEC) informing the regulator of its intention to conduct an additional securities placement.
MicroStrategy also recently announced it has raised $500 million in bonds that it intends to use to purchase Bitcoin.