MicroStrategy Purchases Another Bitcoins Worth $150 Million

Last updated: December 11, 2024 1:22 AM

Published September 25, 2023 1:09 PM

Last updated: December 11, 2024 1:22 AM

Published September 25, 2023 1:09 PM

Microstrategy Purchases Another Bitcoins Worth $150 Million

Cloud software company Microstrategy, which is always on a bitcoin spree, has done it again, acquiring more bitcoins between August 1st and September 24 worth $150 million.

Per its recent filing with the regulators, in this short period, MicroStrategy, together with its subsidiaries, acquired approximately 5,445 bitcoins for approximately $147.3 million in cash. The company paid an average price of $27,053 per bitcoin, inclusive of fees and expenses.

With this, MicroStrategy now holds a total of 158,245 bitcoins with an average price of $29,582 per bitcoin in its treasury. The bitcoin-hoarding company owns about $4.68 billion worth of bitcoin.

To fund the recent Bitcoin buying spree, the company has issued and sold an aggregate of 403,362 MSTR shares.

Also Read: Bitcoin Mining to Cut Global Emissions by 8% by 2030

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TAGGED:Bitcoin (BTC)Michael Saylor MicroStrategy

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By Jahnu Jagtap

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Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.