MicroStrategy Just Bought Another $1.1 Billion Worth of Bitcoin

MicroStrategy (NASDAQ: MSTR) acquired another 18,300 Bitcoin—worth just under $1.1 billion at the time of writing—between August 6 and September 12, the software firm's founder and Chairman Michael Saylor announced on Friday.

The company, which is known for its bullish stance on Bitcoin and started accumulating the leading cryptocurrency in 2020, bought the coins at an average price of approximately $60,408 per token, including fees and expenses, according to the SEC filing. This is slightly higher than the current $58,214 price of Bitcoin, as of this writing.

This is the company's largest Bitcoin purchase since February 2021, when it purchased 19,452 BTC, using proceeds from the sale of $1 billion in debt to finance the acquisition.

MicroStrategy now holds a total of 244,800 BTC, worth roughly $14.14 billion per CoinGecko. The recent purchases were funded by the sale of 8,048,449 shares of company stock.