MicroStrategy buys 5,445 additional bitcoins for $147 million


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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.

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.



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