BCGAME - Free 5BTC Daily Bonus!Documents filed on September 25 revealed that the microstrategy acquired around US$150 million in Bitcoin (BTC) between the period between August 1st and September 24th. According to Valid identity document, the company purchased 5.445 bitcoins.
“MicroStrategy, together with its subsidiaries, acquired approximately 5.445 bitcoins for approximately US$147,3 million in cash, at an average price of approximately US$27.053 per bitcoin, including fees and expenses,” he highlighted in the document.
With the new purchase, the software development company obtains around 158.245 BTC, which were purchased at an average purchase price of $29.582 per bitcoin.
According to MicroStrategy, to be able to finance the purchase of bitcoins, the company issued and sold a total of 403.362 MSTR shares.
It is worth remembering that, in July, MicroStrategy Bitcoin Holdings – added 467 BTC to its portfolio, disbursing US$ 14,4 million. One August report highlighted that in the second quarter, MicroStrategy purchased a total of 12.333 BTC, spending US$347 million. This purchase, combined with Bitcoin's rise this year, helped the company reduce the value of digital asset losses to $18,9 million, a considerable drop from $197,6 million in the previous fourth quarter.
MicroStrategy's Bitcoin strategy is not just a risky bet on the cryptocurrency market. The company has been converting part of its cash flows into Bitcoin, showing confidence in the cryptocurrency as a store of value.
