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An analyst at CryptoQuant, pointed out in a recent analysis about MicroStrategy’s BTC buying trend. The company announced an additional purchase of 467 bitcoins, increasing the company’s assets under management to 152,800 units. These coins were purchased by MicroStrategy for a total of $4.53 billion, or an average price of $29,672 per coin.
MicroStrategy has upped its purchase rate throughout this year, acquiring a total of 20,300 BTC. As per the analysis, compared to 2022, when the company added 8109 BTC to its balance sheet, the year-on-year growth by August 2023 exceeded 150%.