Breaking: MicroStrategy Acquires Additional 5,445 BTC, Adding to a Total of 158,245 Bitcoins

Nasdaq-listed MicroStrategy (MSTR), the world’s leading corporate Bitcoin holder, has purchased an additional 5,445 BTC through August and September.

The company announced Monday that it has acquired $147.3 million worth of the world’s largest cryptocurrency at an average price of $27,053 per Bitcoin “inclusive of fees and expenses,” per its latest filing with the Securities and Exchange Commission (SEC).

“As of September 24, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 158,245 bitcoins, which were acquired at an aggregate purchase price of approximately $4.68 billion and an average purchase price of approximately $29,582 per bitcoin, inclusive of fees and expenses.”

The filing further noted that MicroStrategy entered into a sales agreement last month with Cowen and Company, Canaccord Genuity and Berenberg Capital Markets as sales agents, to sell shares worth up to $750 million.

As of Sunday, the agents issued and sold an aggregate of 403,362 shares for net proceeds to MicroStrategy of approximately $147.3 million.

MSTR Bitcoin Investments Suffered

MicroStrategy’s Bitcoin investments suffered an unrealized loss of more than $600 million in August, following BTC’s price crash to around $25,000. However, Michael Saylor, MicroStrategy’s chairman, has repeatedly noted that the company would not sell its holdings.

“Our strategy is to buy and hold Bitcoin, and the key for us is to be consistent, transparent and responsible in the pursuit of that strategy,” he said in a CNBC interview, early this year.