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MicroStrategy Makes New Bitcoin Acquisition Worth $147.3M
MicroStrategy Inc (NASDAQ: MSTR) led by its Chairman, Michael Saylor has once again made headlines by announcing its acquisition of an additional 5,445 Bitcoin (BTC) for approximately $147.3 million, averaging around $27,053 per token. 
The specifics of this acquisition were revealed in a Form 8-K filing with the United States Securities and Exchange Commission (SEC). MicroStrategy and its subsidiaries finalized this transaction between August 1 and September 24, 2023, according to the filing.
What makes this announcement even more appealing is the cumulative effect it has on MicroStrategy’s Bitcoin holdings. As of September 24, 2023, the corporation and its subsidiaries possessed a startling total of nearly 158,245 BTC. These BTCs were acquired at an average purchase price of roughly $29,582 per coin, which includes fees and expenses. In total, MicroStrategy’s investment in Bitcoin now amounts to an impressive

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