MicroStrategy buys additional 18,300 bitcoin for $1.1 billion, taking holdings to 244,800 BTC

Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 18,300 BTC +0.14% for approximately $1.11 billion at an average price of $60,408 per bitcoin between August 6 and Sept. 12, according to an SEC filing on Friday.

The company now holds 244,800 BTC, worth roughly $14 billion. MicroStrategy’s total holdings were bought at an average price of $38,585 per bitcoin, a total cost of around $9.45 billion, including fees and expenses, according to the company's founder and executive chairman, Michael Saylor.

The latest acquisitions were made using proceeds from the issuance and sale of the firm’s shares following an agreement in August to offer up to $2 billion of its stock via sales agents. The company confirmed it had sold an aggregate of 8,048,449 shares under the agreement as of Sept. 12, corresponding to the equivalent value of $1.11 billion.

MicroStrategy’s latest bitcoin purchase follows its acquisition of 12,222 BTC for $805 million in August when it also introduced a new key performance indicator for its bitcoin strategy. 

MicroStrategy’s share price remained flat in pre-market trading on Friday morning, up 0.1% at $130.88, according to TradingView. The stock is down 1% over the past month but has gained 89% year-to-date and 277% over the past year.

MSTR/USD price chart. Image: TradingView .

Bitcoin is currently trading for $57,800, according to The Block's bitcoin price page , down 0.4% over the past 24 hours.