MicroStrategy Incorporated, now doing business as Strategy, acquired an additional 7,633 Bitcoin for approximately $742.4 million in cash between February 3 and February 9, the company's Securities and Exchange Commission (SEC) filing revealed on Monday.
The company, which branded itself as "the world's first and largest Bitcoin Treasury Company," bought Bitcoin last week at an average price of approximately $97,255 per Bitcoin, which included fees and expenses. The purchase was funded by the proceeds of the issuance and sale of an aggregate of 516,413 of the company's shares for around $179 million and the public offering of its Series A Perpetual Strike Preferred Stock at a price of approximately $563.4 million.
After the latest purchase, Strategy and its subsidiaries hold an aggregate of about 478,740 Bitcoin, bought for an aggregate purchase price of around $31.1 billion at an average purchase price of around $65,033 per Bitcoin, including feed and expenses.
