MicroStrategy bought $489 million worth of Bitcoin

MicroStrategy has bought more Bitcoin (BTC) despite the recent woes of the largest cryptocurrency by market cap.

According to the announcement made on Monday, the business intelligence giant bought 13,005 BTC at an average of $ 37,617. The total value of this amount is 489 million dollars with the current exchange rate.

MicroStrategy’s total Bitcoin investment increased to 105,085 BTC after the last purchase.

The total value of this investment is currently $2.74 billion. Applying the dollar cost average strategy, MicroStrategy has purchased BTC for an average of 26 thousand dollars, considering all its investments.

The company announced at the beginning of June that it would borrow an additional $400 million to purchase Bitcoin.

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