In a recent 8-K filing with the US Securities and Exchange Commission (SEC), MicroStrategy has disclosed the acquisition of an additional 51,780 Bitcoins for about $4.6 billion between Nov. 11 and Nov. 17 at an average price of $88,627 per Bitcoin.
This is the company's largest set of acquisitions to date and was funded by the sale of 13,593,865 shares of MicroStrategy stock.
The company aims to raise a total of $42 billion over the next three years to fund further Bitcoin purchases.
With this latest acquisition, MicroStrategy now owns 331,200 BTC, valued at approximately $29.7 billion.
According to Michael Saylor, co-founder and executive chairman of MicroStrategy, this amounts to a total cost of about $16.5 billion, including fees and expenses, at an average price of $49,874 per Bitcoin.