The heavyweight in software development, MicroStrategy, revealed in a recent regulatory filing that it has acquired nearly $150 million worth of BTC (Bitcoin) from August 1st to September 24th. Specifically, MicroStrategy and its subsidiaries jointly acquired approximately 5,445 bitcoins, at an average price of about $27,053 per unit, totaling approximately $147.3 million, inclusive of fees and expenses.
Financing and the future of Bitcoin investments
To date, the company’s Bitcoin treasury amounts to an impressive 158,245 BTC, bringing their total investment to approximately $4.68 billion. This represents an average purchase price of about $29,582 for each BTC. In order to finance this ambitious acquisition, MicroStrategy has sold a total of 403,362 of its MSTR shares. Additionally, in August, the company hinted at potentially raising up to $750 million through further share sales, with a portion of the proceeds earmarked for future Bitcoin purchases.
