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Michael Saylor, founder of MicroStrategy, announced that his company added 5,445 Bitcoin to its massive crypto holdings between Aug. 1 and Sept. 24. 
MicroStrategy spent $147.3 million on its latest BTC acquisition, according to a form 8-K filing with the U.S. Securities and Exchange Commission (SEC).&nbsp; 
Following its BTC accumulation between August and September 2023, MicroStrategy now boasts $4.6 billion worth of crypto’s top token on its balance sheet.&nbsp; 
MicroStrategy began purchasing BTC in 2020 as former chief executive officer Michael Saylor sought to reduce the company’s cash holdings and hedge against inflation. 
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 MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#bitcoin</a>. As of 9/24/23 <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@MicroStrategy</a> hodls 158,245 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$MSTR</a> <a href="https://t.co/GbJtUoQfXv" target="_blank">https://t.co/GbJtUoQfXv</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1706278284651077714?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">September 25, 2023</a>
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Since then, Saylor’s company has bought 158,245 BTC in total, acquiring Bitcoin at an average price of $29,582. The firm issued 403,362 MSTR shares to investors in order to finance its latest round of BTC buys as of press time. 
 You might also like: <a href="https://crypto.news/scaramucci-bitcoin-etf-could-push-btc-price-high-2024/"> Scaramucci: Bitcoin ETF could push BTC price much higher in early 2024 </a> 
Wall Street heavyweights BlackRock and Fidelity count among the top 10 holders of MicroStrategy stock.&nbsp; 
It’s possible that investing in MSTR shares could serve as an indirect way for U.S. companies to access Bitcoin exposure without actually holding BTC itself amid regulatory unclarity. 
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 Top 10 MicroStrategy shareholders | Source: <a href="https://money.cnn.com/quote/shareholders/shareholders.html?symb=MSTR&amp;subView=institutional" target="_blank" rel="noreferrer noopener">CNN</a>
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BlackRock and Fidelity <a href="https://crypto.news/us-sec-accepts-blackrocks-spot-bitcoin-etf-application/">have also filed</a> applications with the SEC toward listing America’s first spot Bitcoin exchange-traded fund (ETF), a financial product that would directly invest in BTC.&nbsp; 
BlackRock’s filing also seemingly galvanized other issuers to do the same as a deluge of spot Bitcoin ETF bids from companies like Cathie Wood’s Ark Invest, Valkyrie, WisdomTree, and <a href="https://crypto.news/franklin-templeton-joins-bid-for-spot-bitcoin-etf/" data-type="link" data-id="https://crypto.news/franklin-templeton-joins-bid-for-spot-bitcoin-etf/">Franklin Templeton</a> swiftly followed. 
While the SEC has not yet approved any filings, many believe a ruling in <a href="https://crypto.news/grayscale-urges-sec-to-approve-its-spot-bitcoin-etf-filing/" data-type="link" data-id="https://crypto.news/grayscale-urges-sec-to-approve-its-spot-bitcoin-etf-filing/">Grayscale’s lawsuit</a> against the securities regulator could be the turning point in crypto’s quest for its first spot Bitcoin ETF. 
 Read more: <a href="https://crypto.news/analysts-chance-of-sec-approving-spot-bitcoin-etf-in-2024-is-at-95/"> Analysts: chance of SEC approving spot Bitcoin ETF in 2024 is at 95% </a>

MicroStrategy adds $147m worth of Bitcoin to balance sheet

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