MicroStrategy today reported on the results of the recent phase of buying bitcoin to add to its own reserves.
Earlier this month, MicroStrategy announced it had raised $ 500 million through a bond offering maturing in 2028. The company reportedly received applications for $ 1.6 billion, so it was able to easily reach its funding goal.
After deducting expenses, MicroStrategy invested about $ 489 million in bitcoin at an average price of $ 37,617 per coin. Thus, she managed to acquire another 13,005 BTC. The quoted price corresponds to the levels at which Bitcoin traded at the end of last week. Since that time, the cryptocurrency has continued to decline and at the time of publication is quoted at about $ 32,400, showing only a short-term positive reaction to the MicroStrategy message.
“As of June 21, 2021, MicroStrategy holds a total of 105,085 bitcoins, for which it spent about $ 2.741 billion in total, with an average price of $ 26,080 per bitcoin,” the press release said.
Under the terms of the last bond offering, the bitcoins purchased based on its results are used to secure debt. At the same time, 92,079 BTC, which the company acquired from the middle of last year until this moment, were transferred to the custody of the MacroStrategy LLC division.
Earlier it became known that MicroStrategy may sell its own shares for another $ 1 billion, including with the aim of attracting additional funds for investing in bitcoin.
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