MicroStrategy Incorporated, a public company holding the highest amount of Bitcoin revealed its crypto holding in the latest US SEC filings. As per the report, the software company has gone on to expand its BTC reserve amid the price dump.
MicroStrategy adding more BTC
Microstrategy revealed that it accumulated around 301 Bitcoins between August 2, 2022, to September 19, 2022. The purchases were done completely in cash. The BTCs were bought for $6 million at an average price of approx $19,851 per token.
The filing reveals that Microstrategy bought Bitcoins using excess cash. However, MSTR with its subsidiaries now holds around 130,000 BTCs.
As per the filing, the approx cumulative acquisition price of Bitcoin holding stands at $3.98 billion. However, the average purchase price stands at $30,639 per BTC. This disclosed amount includes all the fees and expenses.
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