MicroStrategy splashes $177M on Bitcoin, now holds almost 109,000 BTC

MicroStrategy splashes $177M on Bitcoin, now holds almost 109,000 BTC

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MicroStrategy has once again purchased more Bitcoin (BTC) with the company adding 3,907 BTC to its holdings.

According to a Form 8-K filing with the United States Securities and Exchange Commission (SEC) published on Tuesday, the business intelligence upped its Bitcoin holdings by 3,907 BTC between July 1 and Aug. 23.

The SEC filing also revealed that MicroStrategy spent an average of $45,294 to acquire the additional Bitcoin.

With its latest purchase, Michael Saylor’s firm now holds 108,992 BTC which cost the company about $2.918 billion to acquire at an average price of approximately $26,769 per “coin.”

With Bitcoin trading above $49,000, the company’s Bitcoin holdings are worth over $5.3 billion.

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