MicroStrategy buys 5,445 additional bitcoins for $147 million

Companies • September 25, 2023, 8:40AM EDT
Published 1 minute earlier on
theblock

Quick Take

  • MicroStrategy purchased an additional 5,445 bitcoins for approximately $147 million.
  • The company holds a total of around 158,245 bitcoins, worth roughly $4.1 billion at current prices.

Michael Saylor's MicroStrategy purchased an additional 5,445 bitcoins for $147.3 million — at an average price of $27,053 per bitcoin — between Aug. 1 and Sept. 24, according to a Securities and Exchange Commission filing submitted today.

This latest purchase brings the company's bitcoin holdings up to around 158,245 bitcoins, worth approximately $4.1 billion at the current price of around $26,000. The company acquired the bitcoins at a total cost of around $4.68 billion, with an average purchase price of about $29,582 per bitcoin, inclusive of fees and expenses.

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The move comes after MicroStrategy acquired an additional 12,800 bitcoins for approximately $361 million over two purchases in June and August.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

James Hunt is a reporter at The Block, based in the UK. As the writer behind The Daily newsletter, James also keeps you up to speed on the latest crypto news every weekday. Prior to joining The Block in 2022, James spent four years as a freelance writer in the industry, contributing to both publications and crypto project content. James’ coverage spans everything from Bitcoin and Ethereum to Layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, trending NFTs and memecoins, regulatory landscapes, crypto company deals and the latest market updates. You can get in touch with James on Telegram or X via @humanjets or email him at [email protected].

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