The company is not shying away from buying “digital gold.” It spent $347 million buying more BTC in the second quarter.
MicroStrategy has continued its Bitcoin-buying spree and now holds a total of 152,333 digital coins—today worth $4.5 billion.
A Wednesday filing with the U.S. Securities and Exchange Commission shows that the company bought 12,333 bitcoins for approximately $347 million in cash between April 29 and June 27. This marks the largest purchase so far for MicroStrategy.
The average purchase price of the Bitcoin it holds stands at approximately $29,668 per coin, the filing notes.
MicroStrategy, which provides business intelligence, mobile software and cloud-based services, holds more Bitcoin than any other publicly traded company.
The firm started buying the cryptocurrency back in August 2020; its co-founder Michael Saylor said at the time that the reason was as a hedge against inflation. Earlier today, he reshared the news about the company adding to its Bitcoin treasury on Twitter.