Bitcoin’s business intelligence and corporate whale company (BTC) MicroStrategy expanded its BTC reserves with a further purchase revealed on Monday.
MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for approximately $ 242.9 million at an average price of $ 48,099 per coin.
In un Form 8-K presented to the US Securities and Exchange Commission and released on Monday, MicroStrategy indicated it had added 8,957 BTC to its corporate treasury in Q3 2021.
As Cointelegraph previously reported, MicroStrategy purchased 3,907 BTC for approximately $ 177 million between July 1 and August 23.
Following the most recent acquisition of Bitcoin, the company now owns approximately 114,042 BTC bought at an aggregate purchase cost of $ 3.16 billion.
According to data from Form 8-K, the average price of Bitcoins purchased from MicroStrategy is approximately $ 27,713 per BTC, including fees and miscellaneous expenses.
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