MicroStrategy has one time once more purchased more Bitcoin (BTC), with the visitor adding 3,907 BTC to its holdings.

According to a Form 8-1000 filing with the U.s.a. Securities and Exchange Commission published on Tuesday, the business organisation intelligence upped its Bitcoin holdings past 3,907 BTC between July 1 and Monday, Aug. 23.

The SEC filing also revealed that MicroStrategy spent an average of $45,294 to acquire the boosted Bitcoin.

With its latest purchase, Michael Saylor'southward house at present holds 108,992 BTC, which cost the company nigh $ii.918 billion to acquire at an boilerplate price of approximately $26,769 per "coin."

With Bitcoin trading above $49,000, the company's Bitcoin holdings are worth over $5.3 billion.

Wed'due south purchase announcement besides serves as a fulfillment of earlier promises to continue adding to its Bitcoin position. As previously reported by Cointelegraph, the firm stated dorsum in June that the newspaper losses suffered on its holdings during the crypto market refuse in Q2 had washed little to dampen BTC appetite.

Indeed, the over 50% crypto marketplace reject did cause some impairment losses for U.S. firms with Bitcoin holdings. Tesla also reported a $23 million impairment loss on its Bitcoin holdings equally part of its Q2 financials.

MicroStrategy announced its starting time Bitcoin buy dorsum in August 2022 and has consistently added to its BTC position. The house's CEO, Michael Saylor, has also go a BTC proponent even encouraging other companies to consider adding Bitcoin to their residual sheets.

Related: MicroStrategy expands company'south Bitcoin holdings with $489M buy

MicroStrategy's latest Bitcoin balance sheet expansion comes on the heels of the BTC price action moving above the $l,000 marking for the outset time since May. The move marked an 87% upwards swing for the largest crypto by market capitalization since falling to the $27,000 bottom dorsum in mid-May.

Bitcoin is however to concord the $50,000 equally the upwardly rally stalled at $50,500 with BTC losing $ii,000 in the terminal 24-hour trading period.