According to an April 5 regulatory filing, business intelligence firm MicroStrategy purchased another $190.5 million (4,167 Bitcoins) in Bitcoin between Feb. 15 and April 4.

The Tysons, a Virginia-based corporation, paid an average of $45,714 per coin. MicroStrategy’s average purchase price, including fees and expenditures, is presently $30,700.

As previously reported by Coinposters, MicroStrategy previously revealed a $25 million Bitcoin acquisition in early February.

Since adopting Bitcoin as its principal treasury reserve asset in April 2020, the Michael Saylor-led corporation has spent roughly $4 billion on the cryptocurrency.

MicroStrategy currently has 129,218 Bitcoins (about $6 billion) in its possession. On major spot markets, the world’s largest cryptocurrency is now trading marginally in the green, at $46,700. Despite its recent recovery, Bitcoin is still 32.69 percent behind its all-time high.

The most recent acquisition comes after MicroStrategy borrowed $205 million to acquire additional Bitcoin. It obtained the financing from the crypto-focused Silvergate Bank.

To fund its enormous acquisitions, the business did not go so far as to issue Bitcoin-denominated bonds. According to Saylor, the bitcoin sector is not yet developed enough for such a product. As a result, he chose a traditional bank loan over more innovative alternatives.

MicroStrategy stock is up 1.74 percent in pre-market activity. On a year-to-date basis, the stock is still down 10%, behind Bitcoin significantly.

The firm has practically converted into a bitcoin play as a result of its large exposure. Its stock is still trading in tandem with Bitcoin.

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