Microstrategy, Inc. Expands Bitcoin Holdings with $147 Million Purchase

Microstrategy, Inc., the enterprise software company co-founded by cryptocurrency advocate Michael Saylor, has significantly increased its Bitcoin holdings in recent months, as disclosed in a filing on Monday.

The firm, widely recognized for its substantial Bitcoin investments, purchased nearly $150 million worth of the leading cryptocurrency.

From August 1 to September 24, Microstrategy acquired about 5,445 Bitcoin for approximately $147.3 million in cash, resulting in an average price of around $27,053 per Bitcoin, according to the filing with the U.S. Securities and Exchange Commission.

During this acquisition period, Bitcoin’s price fluctuated between approximately $25,000 and $30,000. Currently, it is trading above the $26,000 threshold, reflecting an increase of nearly 50% year-to-date.

As of September 24, Microstrategy’s total Bitcoin holdings amounted to roughly 158,245 coins, which were acquired for a total of approximately $4.68 billion, resulting in an average purchase price of about $29,582 per Bitcoin.