Software company MicroStrategy announced this Tuesday (14) that it purchased more than 3,907 bitcoins for $177 million in cash between July and August.

MicroStrategy buys almost 4,000 BTCs and reaches $5.2 billion accumulated in Bitcoin (Image: Shutterstock)

Each token was purchased for an average price of $45,294, including fees and expenses — lower than today’s currency quote of $48,200.

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Thus, the new assets added to Michael Saylor’s company treasury are already yielding a profit of $12.8 million. As of the new purchase, MicroStrategy will accumulate 108,992 BTC in cash, equivalent to $5.2 billion.

Thanks to the BTC’s valuation and the recurring purchases that MicroStrategy makes, its bitcoin reserve has practically doubled in value equivalent to the dollar, as the coins had an aggregate cost of US$2.9 billion — being $26,700 per unit.

MicroStrategy has purchased an additional 3,907 bitcoins for ~$177 million in cash at an average price of ~$45,294 per #bitcoin. As of 8/23/21 we #hodl ~108,992 bitcoins acquired for ~$2.918 billion at an average price of ~$26,769 per bitcoin. $MSTRhttps://t.co/8jUlJImJbO

— Michael Saylor⚡️ (@michael_saylor) August 24, 2021

According to the statement sent to the SEC, the investment was made possible through the sale of 238,053 class A common shares of ATM Facility, which generated net income of approximately $177.5 million.