MicroStrategy continues to add to its Bitcoin holdings. The US company, where Michael Saylor is the chairman of the board of directors, announced that it purchased another 467 BTC in July. While MicroStrategy made these purchases at an average cost of $ 30,835, the company’s total Bitcoin assets reached 152,800 BTC. The average cost for all Bitcoins was 29 thousand 672 dollars with the latest purchases.

Andrew Kang, MicroStrategy’s chief financial officer, said, “Our Bitcoin holdings increased to 152,800 BTC as of July 31, 2023, with 12,333 Bitcoins added in the second quarter, the largest increase in a single quarter since the second quarter of 2021. We efficiently raised capital through our equity program in the market and used cash from operations to continue to increase Bitcoins on our balance sheet. And we did so against a promising backdrop of increased institutional interest, progress on accounting transparency, and continued regulatory clarity for Bitcoin.”

On the other hand, the company announced its second quarter results. Accordingly, total revenues increased by 1 percent in the second quarter compared to the previous quarter and amounted to 120 million 400 thousand dollars. Subscription services revenues reached 20 million dollars, up 42 percent year-on-year. Software license revenues increased by 4 percent to $ 35.4 million.