Business intelligence firm MicroStrategy has bought a further $10 million in Bitcoin, according to an SEC filing. It has bought an additional 314 Bitcoin at an average price of $31,808. That includes fees and expenses.

MicroStrategy now holds 70,784 Bitcoin in total. According to the filing, this now puts the firm’s average purchase price at $16,035 per coin. This is higher than it was previously, because the firm purchased these newer coins at much higher prices than its earlier purchases.

MicroStrategy Completes $650 Million Bitcoin Buy

In December, the firm completed its purchase of 29,646 Bitcoin, bringing its total holdings up to 70,470 Bitcoin at the time. Clearly, that wasn’t enough.

Source: decrypt