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MicroStrategy adds another $10 million in bitcoin to its holdings

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MicroStrategy has made yet another addition to its growing stockpile of bitcoin.

On Tuesday, the publicly traded company bought 229 BTC for $10 million at an average of roughly $44,000 per BTC, according to an 8-K form filed with the Securities and Exchange Commission. 

MicroStrategy now owns 92,079 bitcoins worth $2.25 billion total for about $24,000 per BTC.

The Virginia-based company has more than doubled its BTC holdings since December 4, 2020 when the company held about 41,000 BTC. In six months, the company purchased bitcoin lots worth $650 million in late December, $10 million in January, twice in February for $10 million for February 2 and $1.02 billion three weeks later, and $15 million in March. 

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Oct 15, 2021, 2:54AM UTC
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