MicroStrategy
(MSTR),
the
largest
corporate
holder
of
bitcoin
(BTC),
added
more
to
its
holdings
on
Wednesday,
buying
14,620
BTC
for
around
$615.7
million.
The
company’s
Executive
Chairman,
Michael
Saylor,
tweeted
that
MicroStrategy
bought
the
bitcoin
at
an
average
price
of
$42,110
per
bitcoin.
The
recent
purchase
pushes
the
company’s
holdings
to
189,150
BTC
worth
around
$5.9
billion,
which
was
bought
at
an
average
price
of
$31,168
per
BTC.
MicroStrategy
began
purchasing
bitcoin
in
August
2020.
The
company’s
most
recent
purchase
before
Wednesday’s
took
place
last
month,
where
it
purchased
16,130
BTC,
worth
around
$608
million
at
the
time.
In
a
separate
filing,
the
company
said
it
had
raised
$610.1
million
from
its
previously
announced
at-the-market
(ATM)
shares
offering
of
$750
million.
The
company
was
sitting
on
around
$2
billion
in
profit
from
its
bitcoin
holdings
as
of
early
December.
This
comes
as
bitcoin
price
has
been
climbing
over
the
past
few
months
amid
optimism
that
U.S.
regulators
could
potentially
approve
exchange-traded
funds
(ETFs)
that
hold
BTC,
a
move
some
experts
believe
will
prompt
a
flood
of
investment
into
the
cryptocurrency.
Year-to-date,
the
shares
of
MicroStrategy
is
up
nearly
315%,
while
bitcoin
rose
200%.
