The business intelligence entity MicroStrategy has reportedly finalized the acquisition of a significant sum of Bitcoin (BTC), with an extra amount of 3,907 has been included in its possession. 

Specifically, as detailed in a submitted Form 8-K filing with the US SEC on August 24th, MicroStrategy has reportedly increased the currently held BTC amount via the newly purchased 3,907 coins, between July 1 and Monday, Aug. 23.

The SEC filing additionally disclosed the average spending of MicroStrategy for buying one coin, with the figure standing at the $45,294 benchmark. 

Following this most recent acquisition, Michael Saylor’s company now has an accumulated amount of 108,992 BTC on its balance sheet, with the firm investing approximately $2.918 billion to purchase, for an average price of around $26,769 every “coin”. 

With the currently recorded trading price of Bitcoin hovering above the $49,000 threshold, the total value of the company’s Bitcoin holdings is equivalent to more than $5.3 billion.

Moreover, the purchase is also an attempt from MicroStrategy to keep its initial promises to keep on stocking up on its Bitcoin position. Previously in June, the entity shared  that the paper losses its holdings experienced throughout the bear crypto market in the second quarter of this year caused no impact to the interest in BTC. 

As a matter of fact, the more than 50% decrease throughout the market actually resulted to some extent impairment losses for companies in America having Bitcoin on their balance sheets. 

Tesla reportedly had a $23 million impairment loss on its Bitcoin holdings as part of its Q2 financials as well.