According to a regulatory filing made on Monday, software company MicroStrategy (MSTR) spent close to $150 million buying bitcoin (BTC) between August 1 and September 24.
“MicroStrategy, together with its subsidiaries, acquired approximately 5,445 bitcoins for approximately $147.3 million in cash, at an average price of approximately $27,053 per bitcoin, inclusive of fees and expenses,” the business claimed in the filing.
158,245 BTC are currently held by MicroStrategy; they were purchased for an estimated $4.68 billion total, or an average price of around $29,582 per bitcoin.
To pay for the acquisition, the business claimed to have issued and sold 403,362 MSTR shares altogether. MicroStrategy stated in August that it may be able to raise up to $750 million by issuing additional shares, and it intended to use some of the money to purchase more bitcoin.