And that makes seven.
MicroStrategy, an enterprise-software business that’s become a de facto bitcoin treasury, disclosed in a Monday morning filing with the SEC that last week it purchased 5,262 bitcoin for $561 million.
It’s the seventh straight week that MicroStrategy announced a large bitcoin purchase, with the latest buy bringing its stockpile to 444,262 coins.
MicroStrategy isn’t the only company snapping up BTC. MARA Holdings, Tesla, and Hut 8 are just a few of the publicly traded companies adding the digital asset to their balance sheets.
MicroStrategy said it paid about $106,662 per bitcoin. As of Monday morning, the price of BTC was roughly $93,000, a steep drop of nearly 12% from a week ago, while MicroStrategy is down nearly 28% from its peak in November.
