MicroStrategy, the world's largest publicly traded bitcoin holder, disclosed on Tuesday that it recently spent about $190.5 million to buy 4,167 bitcoins, bringing its total holdings to 129,218, worth more than $6 billion.
The purchases, which took place between February 15 and April 4, averaged $45,714 each, the company said.
MicroStrategy announced late last month that it had secured $820 million worth of bitcoins for a $205 million three-year loan to buy more. This is the first time the company has borrowed directly to buy bitcoin, having previously issued debt to finance the purchase.
MicroStrategy's founder and CEO is Michael Thaler, a huge bitcoin bull, who converted nearly all of the company's cash into bitcoin in August 2020. He has repeatedly said that his company will continue to add to its bitcoin holdings and will never sell any of them, saying the digital currency may be the only known scarce currency in the world.