MicroStrategy Inc., the company best known as the largest publicly traded holder of bitcoin, has added to its holdings of the world’s largest cryptocurrency in the past two months, using stock sales to finance purchases worth nearly $150 million.
The business software maker, co-founded by crypto proponent Michael Saylor, purchased 5,445 Bitcoin between August 1 and September 24 at an average price of $27,053 per token, according to a filing Monday with the U.S. Securities and Exchange Commission Commission). The purchases came as Bitcoin traded in a range of $25,000 to $30,000; The coin is up almost 60% this year.
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