Michael Saylor's MicroStrategy (MSTR) bought 12,333 bitcoin (BTC), for $347 million in cash, between April 29 and June 27, the company said on Wednesday.

With the most recent purchase, MicroStrategy now holds 152,333 bitcoin, worth over $4.6 billion at current prices.

The company, which was founded by crypto billionaire Michael Saylor, is one of the largest HODLers of bitcoin. MicroStrategy also said it sold some $333.7 million of its shares as per a previously disclosed shares sale agreement.

In May, the firm had booked a smaller than expected write down for the first quarter on its bitcoin's holdings.

Shares of the firm were down 1% at $321.44 during pre-market trading, mirroring bitcoin, which was down over 1% at $30,288.

UPDATE (June 28, 2023, 12: 23 UTC): Adds additional details and background.

MicroStrategy Bitcoin

Parikshit Mishra

Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. Before joining CoinDesk, he was the European Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.