MicroStrategy, a business intelligence and software company, has acquired an additional 14,620 Bitcoin, costing a total of $615.7 million, as announced by Founder and Chairman Michael Saylor. 

This purchase coincides with a period of rising Bitcoin prices, which have recently surpassed $42,000.

The firm initially entered the Bitcoin market in August 2020, with a substantial first investment of $250 million in BTC. 

Since then, the company has been regularly increasing its Bitcoin holdings, implementing a treasury reserve strategy that has accumulated over 189,150 Bitcoin, valued at more than $8.11 billion.

On December 27th, 2023, MicroStrategy Incorporated and its subsidiaries announced their acquisition of around 14,620 Bitcoin, totaling approximately $615.7 million in cash from November 30th, 2023, to December 26th, 2023. 

As of December 26th, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 189,150 Bitcoin, which were acquired at an aggregate purchase price of approximately $5.895 billion and an average purchase price of approximately $31,168 per Bitcoin, inclusive of fees and expenses.

With the fourth Bitcoin halving on the horizon and the potential early approval of the first spot Bitcoin ETF in the United States, MicroStrategy shows that it is maintaining its Bitcoin investment strategy.

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