MicroStrategy buys 12,333 BTC for $347 million

MicroStrategy, the analytics software provider, has added to its bitcoin holdings, purchasing 12,333 BTC. This was announced by founder Michael Saylor.

MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin. As of 6/27/23 @MicroStrategy hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR https://t.co/joHo1gEnR0

— Michael Saylor⚡️ (@saylor) June 28, 2023

According to a filing with the U.S. Securities and Exchange Commission, between April 29 and June 27 the company bought bitcoin for $347 million at an average price of $28,136.

As of writing, MicroStrategy holds 152,333 BTC worth about $4.52 billion at an average price of $29,668 per bitcoin.

The previous investment in the flagship cryptocurrency occurred in April — the firm purchased 1,045 BTC for $29.3 million. Prior to that, the company invested $150 million in bitcoin in March.

At the time of writing, bitcoin is trading at around $30,300, according to CoinGecko.

In May, MicroStrategy reported quarterly profit of $461.2 million.