RTTNews | Jun 14, 2021 10:22AM EDT

10:22 Monday, June 14, 2021 (RTTNews.com) - MicroStrategy Inc. (MSTR) shares are trading more than 13 percent on Monday morning trade as the company announced the closing of senior secured notes for $500 million at the rate of 6.125%, due 2028.

Cryptocurrency prices jumped today after Tesla CEO Elon Musk's tweet.

MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin.

Currently, shares are at $587.99, up 13.69 percent from the previous close of $516.44. For the 52-week period, the shares have traded in a range of $113.55-$1315.00 on average volume of 640,003.

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