MicroStrategy has acquired 13,005 additional bitcoin for approximately $489 million. The company now holds 105,085 bitcoin, acquired at an average purchase price of about $2.741 billion. MicroStrategy’s latest bitcoin purchase came from an offering of senior secured notes that the business intelligence company completed last week.

Saylor’s company owns more Bitcoin than any other publicly traded company, he spoke at the conference in Miami in June. The investment manager Grayscale is the only entity known to hold more of the Bitcoin with 654,885 BTC trust on behalf of the investors, That worth more than $24 Billion.

At the conference, Saylor talked about the impact that Bitcoin will have on the world.

“For the first time in history, we can grant property rights to seven billion people,” he said.

MicroStrategy completed an offering of senior secured notes last week, which resulted in the proceeds of the latest purchase of digital currency. After expenses, the net proceeds of the sale were $488 million, but it received more than $1.5 billion orders from institutional investors. The offering, which assures a 6.125% annual interest rate, was announced two weeks ago, when the price of the Bitcoin was at a monthly low of around $33,400.

However, since then, the price has risen to over $48,000 — an increase of nearly 40%, which is a notable rise for the price of the digital currency in such a short space of time. In all, 10% of the tokens offered were sold out.

Saylor is not only involved in Bitcoin by HODLing the asset.

The CEO has become a Bitcoin evangelizer on twitter, an account which he didn’t use much before falling into ‘the rabbit hole’.

“#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy,” 

 Saylor has been involved in the debate about energy use in the digital world. The MicroStrategy CEO met with Musk and some miners in May. A couple of weeks after the closed-door gathering, the Bitcoin Mining Council was announced and launched.

The council, whose initial meeting was criticized by some bitcoiners in the industry, is now open to all miners. Those who do are required to promote the core principles of Bitcoin.

About MicroStrategy Incorporated

 MicroStrategy is the largest independent publicly-traded analytic and business intelligence company. The MicroStrategy platform is used by many of the world’s most admired brands in the Fortune Global 500 and is consistently rated as the best in enterprise analytic platform.

We pursue two corporate strategies: (1) grow our enterprise analytics software business to promote our vision of Intelligence Everywhere and (2) acquire and hold bitcoin, which we view as a dependable store of value supported by a robust, public, open-source architecture untethered to sovereign monetary policy.

MicroStrategy is a trademark of MicroStrategy Incorporated in the United States and some other countries. The names of other products and companies mentioned may be trademarks of their respective owners.