MicroStrategy (NASDAQ: MSTR) keeps accumulating Bitcoin (CRYPTO: BTC).
What Happened: Michael Saylor, the firm's founder and chair, coinfirmed on social media that MicroStrategy acquired 14,620 BTC at an average price of $42,110 each for a total value of $615.7 million.
Based on its latest filing with the U.S. Securities and Exchange Commission, MicroStrategy holds 189,150 BTC — a $5.9 billion value — at an average price of $31,168 per BTC.
See Also: Michael Saylor Predicts 'Demand Shock' As Bitcoin's Market Cap Skyrockets 160% In 2023
Why It Matters: Since the end of the second quarter, 6,067 bitcoins were acquired by MicroStrategy for $167 million, as reported in its latest third quarter (Q3) report.
“Our commitment to acquire ...