Summary:
- MicroStrategy added to its massive Bitcoin coffers with a $347 million purchase.
- The company bought an additional 12,333 BTC at an average price of $28,136 per coin, Founder and Chairman Michael Saylor shared.
- MicroStrategy now owns 152,333 Bitcoins worth approximately $4.6 billion, further solidifying the company as the largest corporate holder of BTC.
MicroStrategy added to its BTC holdings after spending $347 million in cash buying 12,333 Bitcoins between April 29 and June 27, a filing with the U.S Securities and Exchange Commission shared on Wednesday showed.
The company added to its latest BTC holdings at an average price of $28,136 per BTC. Wednesday’s reveal follows a purchase of 1,045 Bitcoins bought with $29.3 million two months ago in April.
This means that MicroStrategy, the largest corporate holder of BTC, now holds some 152,333 coins bought at an average price of $29,668 including fees. The company spent around $4.52 billion purchasing its BTC and its Bitcoins are worth over $4.6 billion at current market prices.
Bitcoin traded above $30,000 on Wednesday buoyed by spot ETF applications from institutions like BlackRock, WisdomTree, and Invesco.