"This company is really a big fan of BTC, it's fun to buy when there's an opportunity."
United States (US) giant MicroStrategy in a US Securities and Exchange Commission (SEC) filing reportedly added more to their Bitcoin (BTC) holdings after the digital asset saw an encouraging move.
According to the filing, MicroStrategy purchased 1,045 BTC worth $29.3 million in the period March 24, 2023 to April 4, 2023, at which time the price of the digital asset was at $28,016.
As of April 4, 2023, MicroStrategy has a total holding of 140,000 BTC worth $4.17 billion and the company has long been known to be very interested in the digital asset.
It is widely known that the company that actively buys BTC is also found to have released nearly $150 million in funds to buy around 6,455 digital assets in the period between February 16, 2023 and March 23, 2023.
MicroStrategy's filing suggests that its average Bitcoin purchase price is around $29,803 per BTC.
For the record, MicroStrategy bought most of the BTC when the price was at $29,803 and the company intends to continue buying the digital asset even though they are still in losses.
As of this writing, BTC price has slipped by 2.12% to $28,047 in the past 24 hours but the digital asset is still up 28% over the past 30 days to try to break through the strong resistance zone of $28,000.
