#SaylorBTCPurchase The business intelligence firm said it made the purchase for $1.42 billion at $92,737 per BTC. It made the purchases with proceeds from the sale of Class A Common (MSTR) and 10% Series A Perpetual Strife Preferred Stock (STRK) at-the-market (ATM) stocks.

The firm held 553,555 BTC acquired for $37.9 billion at $68,459 per BTC. Its Bitcoin holdings were worth $52.78 billion at the time of writing.

MicroStrategy founder and executive chairman Michael Saylor is a strong Bitcoin advocate and is well-known for his bullish prediction that BTC's price will hit $13 million in 20 years.