MicroStrategy has acquired an additional $615 million worth of BTC, thereby increasing its holdings to a substantial $5.9 billion.

MicroStrategy, the leading corporate holder of bitcoin (BTC), further increased its holdings on Wednesday by acquiring 14,620 BTC for approximately $615.7 million. According to a tweet by the company's Executive Chairman, Michael Saylor, the average price per bitcoin was $42,110. This recent purchase has elevated MicroStrategy's total holdings to 189,150 BTC, valued at around $5.9 billion. These bitcoins were acquired at an average price of $31,168 per BTC. MicroStrategy initiated its bitcoin purchases in August 2020 and had made its most recent acquisition last month, purchasing 16,130 BTC worth approximately $608 million at that time. Additionally, the company disclosed that it had raised $610.1 million through its previously announced at-the-market (ATM) shares offering of $750 million. As of early December, MicroStrategy had amassed a profit of approximately $2 billion from its bitcoin holdings.