The Block: MicroStrategy adds another $10 million in bitcoin to its holdings

MicroStrategy has made yet another addition to its growing stockpile of bitcoin.

On Tuesday, the publicly traded company bought 229 BTC for $10 million at an average of roughly $44,000 per BTC, according to an 8-K form filed with the Securities and Exchange Commission.

MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin . As of 5/18/2021, we #hodl ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin. $MSTR https://t.co/fU6LN4WbKI

— Michael Saylor (@michael_saylor) May 18, 2021

MicroStrategy now owns 92,079 bitcoins worth $2.25 billion total for about $24,000 per BTC.

The Virginia-based company has more than doubled its BTC holdings since December 4, 2020 when the company held about 41,000 BTC. In six months, the company purchased bitcoin lots worth $650 million in late December, $10 million in January, twice in February for $10 million for February 2 and $1.02 billion three weeks later, and $15 million in March.