MicroStrategy Purchases Another Bitcoins Worth $150 Million

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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