MicroStrategy expanded the company’s Bitcoin holdings with a purchase of $489 million

MicroStrategy bought more bitcoins (Bitcoin) Despite the current price struggling of the largest cryptocurrency by market capitalization.

According to one announcement On Monday, the business intelligence company purchased 13,005 BTC at an average price of US$37,617, for a total of approximately US$489 million.

Monday’s report brought MicroStrategy’s Bitcoin balance sheet above the 100,000 mark, and the company currently holds 105,085 BTC.

According to the current BTC spot price, the Bitcoin held by MicroStrategy is worth 2.74 billion U.S. dollars, which is equivalent to the average price of each Bitcoin slightly higher than 26,000 U.S. dollars.

In early June, the company announced a Raised $400 million in debt to expand its Bitcoin library Holding.