MicroStrategy, under the leadership of Michael Saylor, has expanded its cryptocurrency portfolio by acquiring 5,445 bitcoins for a total of $147.3 million. This purchase, which took place between August 1 and September 24, is detailed in a Securities and Exchange Commission filing submitted today.
The average price per bitcoin in this acquisition was approximately $27,053.
This strategic move has bolstered MicroStrategy’s bitcoin holdings to approximately 158,245 bitcoins, currently valued at around $4.1 billion, considering the prevailing price of roughly $26,000. The company’s cumulative expenditure for acquiring these bitcoins stands at about $4.68 billion, with an average purchase price of approximately $29,582 per bitcoin, inclusive of associated fees and expenses.
This latest acquisition follows MicroStrategy’s prior purchases of 12,800 bitcoins, totaling approximately $361 million, conducted in two separate transactions in June and August.
One can track Michael Saylor’s Portfolio Tracker here.