MicroStrategy buys an additional $6 million worth of bitcoin

Quick Take

  • MicroStrategy purchased an additional 301 bitcoin at an average price of $19,851
  • The software company now owns 130,000 bitcoins at an average price of $30,639 per bitcoin.

MicroStrategy added an additional 301 bitcoin worth around $6 million to its balance sheet, it was revealed on Tuesday.

Founder and former CEO Michael Saylor shared the news on Twitter, with the filing revealing the purchases were made between Aug. 2 and Sept. 19.

This is the firm’s first purchase since June when it bought 480 bitcoin, worth around $10 million at the time. MicroStrategy, and its subsidiaries, now hold approximately 130,000 bitcoins — with an aggregate purchase price of approximately $3.98 billion, according to an 8-K filing with the SEC.

Michael Saylor stepped down as CEO of the firm in August and assumed a new role as executive chairman to focus his efforts more on bitcoin. 

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