Business organisation intelligence house MicroStrategy increased its Bitcoin (BTC) holdings past 27% on Wednesday after purchasing an additional nineteen,452 coins, taking its full haul to ninety,531 BTC.

Appear on the company'due south website on Wednesday, the coins were reportedly purchased for approximately $52,765 per coin, equating to an outlay of just over $i billion.

MicroStrategy CEO Michael Saylor said the house's focus was now twofold: grow its analytics software enterprise, and buy more than Bitcoin.

Saylor said, "The Visitor remains focused on our two corporate strategies of growing our enterprise analytics software business organization and acquiring and belongings bitcoin."

In the 6 months since MicroStrategy announced its first $250 million investment in Bitcoin, the visitor has gone on to spend in backlog of $iv billion on the digital asset. Saylor said there was no program to finish buying BTC any fourth dimension soon.

"The company now holds over 90,000 bitcoins, reaffirming our belief that bitcoin, as the world's most widely-adopted cryptocurrency, tin serve every bit a dependable store of value. We will continue to pursue our strategy of acquiring bitcoin with excess cash and we may from fourth dimension to time, subject area to market conditions, effect debt or disinterestedness securities in majuscule raising transactions with the objective of using the proceeds to purchase boosted bitcoin."

The value of MicroStrategy's purchase exceeded the figures previously floated by the firm, which appear it would heighten $900 million to buy more Bitcoin on Feb. 17.

Phong Le, president and chief financial officer of MicroStrategy, said the Bitcoin purchases would assist enhance awareness of its brand as a software business concern while also acting every bit a sign of religion in the Bitcoin network.

"We believe our bitcoin strategy, including our bitcoin holdings and related activities in support of the bitcoin network, is complementary to our software business organization, past enhancing awareness of our make and providing opportunities to secure new customers," he said.