One of the most bullish non-crypto companies, U.S. software developer MicroStrategy, confirmed that it recently acquired BTC 19,452, increasing its assets to BTC 90,531 ($4.5 billion).
MicroStrategy, led by Michael Saylor, spent $1.026 billion (including fees and expenses) on its latest deal, averaging about $52,765 per BTC, the company said in a statement.
The company has now spent a total of $2.171 billion on BTC, with an average purchase price of about $23,985.
Saylor confirmed that MicroStrategy will continue to buy BTC with its "excess funds" and may issue new debt and equity securities to buy more of the most popular cryptocurrency.
As previously reported, the company confirmed last week that its latest offering of more than $1 billion in convertible bonds had sold out. The latest offering differs from the previous offering last year, in which the company raised funds "for free" by selling 0% convertible bonds maturing through 2027.
"Our Bitcoin strategy, including our Bitcoin holdings and related activities in support of the Bitcoin network, provides us with an opportunity to increase our brand awareness and secure new customers," said Fong Le, MicroStrategy president and CFO, in the announcement. We believe it complements our software business," he was quoted as saying.
As of this writing (1:38 p.m. UTC), BTC is trading at $49,628, down nearly 4% an hour, with daily gains of up to 2%.
