MicroStrategy has done it again. The Virginia-based business software company has bought additional 301 Bitcoins worth around $6 million to its balance sheet.
The filing stated that the software firm that was co-founded by entrepreneur and Bitcoin advocate Michael Saylor purchased the world's largest cryptocurrency at an average price of $19,851 per coin. This is the company’s first purchase since June, when it bought 480 Bitcoins worth around $10 million during that time.
MicroStrategy, best known as the largest corporate buyer of Bitcoin, now has almost 130,000 Bitcoins, acquiring them for a total price of $3.98 billion, according to an 8-K filing with the SEC.
Prior to the latest purchase, the firm revealed on September 15 its plans to sell up to $500 million in class A common stock and to use the proceeds to buy more Bitcoins.
In August, Saylor stepped down as CEO of the company and assumed a new role as executive chairman to focus his efforts more on Bitcoin.
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