MicroStrategy bought 262 BTC worth about $15 million

MicroStrategy bought 262 BTC worth about $15 million. The digital asset held by the analytics software provider reached 91,326 BTC.

The average purchase price was $57,146 per coin, including fees and other expenses.

The company’s total investment in digital gold was more than $2.2 billion. At the time of writing, the value of assets exceeded $5.1 billion (according to CoinGecko).

In August 2020, MicroStrategy was the first public company to convert a portion of its $250 million equity into a leading cryptocurrency.

In September, the firm’s board of directors approved a policy of increasing its investment in bitcoin with cash reserves, and MicroStrategy continued to buy the digital asset.

At the time, MicroStrategy’s CEO Michael Saylor expressed confidence that other private firms would follow suit. In the U.S., Jack Dorsey’s Square and Elon Musk’s Tesla decided to make similar investments.

Also following MicroStrategy were the first public companies in their respective countries to transfer some capital to Bitcoin Mode (UK), SynBiotic SE (Germany), and Meitu (China).

Recall that MicroStrategy raised debt financing to buy the cryptocurrency in December. The firm placed $650 million in convertible bonds.

In February, MicroStrategy issued new debt securities worth more than $1 billion and again invested the raised financing in bitcoin.