<p>Publicly-traded MicroStrategy announced Tuesday that it had purchased an additional 295 bitcoin for $10 million in cash.</p> <p>This brings MicroStrategy's <a href="https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/financial-document-archive/Form-8-K_feb-02-2021.pdf">total bitcoin holdings </a>to 71,079 bitcoin, worth about $2.5 billion at current prices.</p> <p>The company's bitcoin bet appears to have paid off well so far. MicroStrategy acquired these bitcoins at an aggregate price of around $1.15 billion, or at an average price of around $16,109 per bitcoin. Currently, bitcoin's price is <a href="https://in.tradingview.com/symbols/BTCUSD/">trading at around</a> $34,850.</p> <p><iframe title="MicroStrategy Bitcoin Holdings" src="https://embed.theblockcrypto.com/data/crypto-markets/public-companies/microstrategy-bitcoin-holdings/embed" width="100%" height="420" frameborder="0"></iframe></p> <p>Just less than two weeks ago, MicroStrategy <a href="https://www.theblockcrypto.com/linked/92111/microstrategy-buys-additional-bitcoin-10-million-btc">bought bitcoin</a> worth $10 million. Last week, the Nasdaq-listed company said it wants to acquire more bitcoin and that it is exploring alternative avenues for doing so.</p> <p>MicroStrategy <a href="https://www.theblockcrypto.com/linked/74534/microstrategy-becomes-first-listed-company-to-buy-bitcoin">began purchasing bitcoin</a> in August last year. At the time, the company's CEO Michael Saylor said, bitcoin investments are aimed at maximizing long-term value for shareholders.</p> <p>Later, in an <a href="https://www.theblockcrypto.com/daily/78646/microstrategy-ceo-interview-bitcoin-gold-dollar">interview with The Block, Saylor said</a> bitcoin is the "best money ever created." He compared bitcoin to gold and the U.S. dollar and said the cryptocurrency is a superior asset for a treasury given that it is not deflationary by design.</p>