MicroStrategy Acquires Additional 18,300 Bitcoins for $1.1 Billion, Bringing Total BTC to Its Portfolio

MicroStrategy has acquired an additional 18,300 bitcoins for approximately $1.1 billion, increasing its total to 244,800 BTC. The acquisition was made at an average price of $60,408 per bitcoin between August 6 and September 12, according to an SEC filing. The company's total investment in bitcoin now amounts to approximately $9.45 billion, with an average purchase price of $38,585 per bitcoin. This latest purchase was funded through the sale of 8,048,449 shares of the company's stock, raising $1.11 billion. MicroStrategy's share price has seen a slight increase of 0.1% in pre-market trading, while the current trading price of bitcoin is $57,800.