Business concern intelligence house MicroStrategy has added $94 million worth of Bitcoin (BTC) to its holdings afterwards purchasing the crypto nugget at an average toll of $49,229.

According to a Thursday filing with the U.S. Securities and Exchange Commission, MicroStrategy purchased i,914 BTC betwixt December. 9 and Dec. 29 for $94.ii meg, making its full holdings 124,391 BTC. With the recent buy, the company'due south holdings are valued at roughly $5.9 billion, representing more than $ii.1 billion in gains.

Since making its initial $250-million Bitcoin investment in August 2022, MicroStrategy has gone on to purchase more than than $iii.7 billion in BTC in split up buys using the company'due south cash on paw in addition to sales of convertible senior notes in private offerings to institutional buyers. Though there are cases in which the business concern intelligence firm bought the dip, some buys followed the price surges in early 2022 when the BTC price was more than than $50,000.

Related: Insiders sold MicroStrategy stock later Bitcoin'southward bull run

The firm'south most recent BTC purchase follows the price of the crypto asset dipping nether $46,000 on Th every bit it continues to testify volatility prior to the new year. According to data from Cointelegraph Markets Pro, the cost of Bitcoin is $47,226 at the fourth dimension of publication, having fallen more than than 7% in the last seven days.