MicroStrategy said Monday it bought about 13,005 bitcoins for $489 million in cash at an average price of roughly $37,617 inclusive of fees and expenses. 

  • The business-intelligence software company now holds some 105,085 bitcoins, which were acquired for a total of $2.74 billion. That’s an average purchase price of $26,080 per bitcoin, inclusive of fees and expenses.

  • MicroStrategy said its newly formed subsidiary, MacroStrategy, holds about 92,079 BTC of the bitcoins.

  • CEO Michael Saylor has made bitcoin acquisition a second mandate for his 32-year-old company. Its other business is developing software.

This story is developing and will be updated.

Read more: MicroStrategy Raises $500M From Bond Sale to Buy More Bitcoin

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