Business intelligence firm MicroStrategy, renowned for its Bitcoin holdings, has once again expanded its cryptocurrency portfolio by purchasing an additional 18,300 BTC tokens.

MicroStrategy Chairman Michael Saylor disclosed the latest acquisition in a post on X a few hours ago. As highlighted in the associated SEC filing, the acquisition took place between August 6 and September 12.

Buying at an average price of $60,408 per BTC, MicroStrategy injected fresh capital of $1.11 billion into the Bitcoin market. This move comes just weeks after the firm disclosed its intention to raise $2 billion from its shares, part of which would go toward Bitcoin purchases.

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