MicroStrategy makes a further $15 million investment in Bitcoin

The Nasdaq-listed software analytics provider MicroStrategy purchased about 253 BTC for $15 million. This was announced by the company’s CEO, Michael Saylor.

MicroStrategy has purchased an additional ~253 bitcoins for $15.0 million in cash at an average price of ~$59,339 per #bitcoin. As of 4/5/2021, we #hodl ~91,579 bitcoins acquired for ~$2.226 billion at an average price of ~$24,311 per bitcoin. $MSTRhttps://t.co/OMQMhA85xw

— Michael Saylor (@michael_saylor) April 5, 2021

The purchase price averaged $59,339, including fees and other costs.

In total, MicroStrategy holds 91,579 BTC valued at $2.22 billion. Their average purchase price stands at $24,311.

In August 2020, MicroStrategy became the first public company to convert part of its equity worth $250 million into Bitcoin, the first cryptocurrency. Later, the board approved a policy to increase investments in Bitcoin from cash reserves.

In December, MicroStrategy secured debt financing to purchase cryptocurrency. The company issued for $650 million convertible bonds.

In February 2021, the software provider conducted a new debt offering for more than $1 billion and again invested the proceeds in Bitcoin.

In March, MicroStrategy bought 262 BTC for about $15 million and approximately 205 BTC for about $10 million.