Saylor's MicroStrategy Purchases an Additional $177 Million in Bitcoin

MicroStrategy (NASDAQ: MSTR), headquartered in Virginia, has added 3,907 bitcoins to its massive cryptocurrency holdings.

• The firm spent roughly $177 million on its last BTC acquisition, according to a Tuesday filing with the Securities and Exchange Commission, at an average price of $45,294 per coin.

• According to a tweet from CEO Michael Saylor, the company now owns 108,992 BTC:

• MicroStrategy's stock has fallen from highs of $1,273 in March to $718 as of press time, according to some investors.

• Bitcoin is now trading at $49,191.30, down 2% in the past 24 hours.