MicroStrategy continues to strengthen its position as one of the largest corporate holders of bitcoin (BTC).
MicroStrategy, a developer of analytical products, spent another $347 million on the purchase of bitcoin, according to financial statements for the US Securities and Exchange Commission (SEC). According to the details of the document, from April 29 to June 27, the firm purchased 12,333 BTC at an average price of $28,136.
Thus, the total number of bitcoins owned by Michael Saylor's company increased to 152,333. At the current price, their value is about $4.6 billion. The previous purchase of MicroStrategy took place in April, when the firm acquired 1045 BTC. A month earlier, the company invested another 6455 bitcoins.
MicroStrategy's drive to accumulate the asset despite market fluctuations is indicative of its executives' strong commitment to cryptocurrencies. This move may well set a precedent for other companies.