MicroStrategy, a NASDAQ-listed analytics software provider, acquired an additional 3,907 BTC worth about $177 million on August 24. As a result, the company now holds a total of 108,992 BTC.
MicroStrategy has announced it plans to continue buying Bitcoins despite significant losses. For example, due to the cryptocurrency price drop, the company's losses for the Q2 related to cryptos amounted to $424.8 million.
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MicroStrategy is the largest public company holding Bitcoin.
MicroStrategy has previously filed an S-3 application with the US Securities and Exchange Commission (SEC) to conduct an additional securities placement.
MicroStrategy has also recently announced it has successfully raised $500 million in bonds, which it also intends to invest in BTC.