MicroStrategy Invests Another $15 Million in Bitcoin

The analytics software provider MicroStrategy has purchased an additional 328 BTC for about $15 million. This was disclosed by MicroStrategy CEO Michael Saylor.

MicroStrategy has purchased an additional ~328 bitcoins for ~$15.0 million in cash at an average price of ~$45,710 per #bitcoin. As of 3/1/2021, we #hodl ~90,859 bitcoins acquired for ~$2.186 billion at an average price of ~$24,063 per bitcoin. $MSTRhttps://t.co/fGH5KacsPI

— Michael Saylor (@michael_saylor) March 1, 2021

The average purchase price was $45 710. In total, MicroStrategy owns 90,859 BTC worth $2.186 billion, Saylor noted.

Earlier the company closed a round of senior convertible bond offerings totaling $1.05 billion to invest in the first cryptocurrency. A few days later MicroStrategy announced that it acquired approximately about 19,452 BTC for about $1.026 billion.

According to Bitcoin Treasuries, the analytics software developer owned 90 531 BTC at the time of writing.

Data: Bitcoin Treasuries.

In August 2020, the software company purchased 21,454 BTC for about $250 million, becoming the first public company to convert part of its free capital into bitcoin.

In September the company purchased another 16,796 BTC for $175 million, and in December — 2,574 BTC for $50 million.

In the same month the firm raised for bitcoin investment $650 million of debt financing via a senior convertible bond offering. The amount ended up to be $100 million above the target for the offering.

In January 2021, Saylor said MicroStrategy to explore new opportunities for investing in the first cryptocurrency.

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