Microstrategy, Inc. (MSTR) increases Bitcoin pile with $147m purchase

Microstrategy, Inc. (NASDAQ: MSTR), the enterprise software maker co-founded by crypto supporter Michael Saylor, added to its Bitcoin stockpile over the last couple of months, it was revealed in a filing on Monday.

The company, which is best known for its large Bitcoin holding, bought almost $150 million worth of the world's leading cryptocurrency.

Between August 1 and September 24, the company acquired approximately 5,445 Bitcoin for approximately $147.3 million in cash, at an average price of roughly $27,053 per token, the US Securities and Exchange Commission filing reads.

Bitcoin traded between around $25,000 to $30,000 during the period. It is currently trading above the $26,000 mark, up almost 50% this year.

As of September 24, MicroStrategy held an aggregate of approximately 158,245 bitcoins, which were acquired at a price of roughly $4.68 billion, with an average purchase price of about $29,582 per Bitcoin.

By Sam Boughedda

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