Business intelligence company MicroStrategy has acquired An additional $209 million, according to Monday's announcement.

This marks the company's eighth consecutive Bitcoin purchase. However, it is noticeably smaller compared to previous versions.

The company's total Bitcoin holdings are rapidly approaching the 450,000 mark, and currently stand at 446,400.

Last Monday, the business intelligence company announced the purchase of $516 million worth of Bitcoin. The average price was more than $106,000, meaning the company bought that batch of coins close to the local market. However, Saylor has repeatedly rejected the idea of ​​trying to time the market.

Yesterday, MicroStrategy co-founder Michael Saylor hinted that he would expand the company's impressive pipeline by rolling out a Bitcoin purchase tracker on social media.

This time, the company's average purchase price was $97,837.

The company has now purchased nearly 200,000 coins in less than two months. As U.Today reported, prominent angel investor Jason Calacanis recently opinion That the cryptocurrency may become less attractive to investors due to MicroStrategy's excessive ownership.

Bitcoin is currently trading at $93,117, down 5.5% in the past 24 hours.

MicroStrategy (MSTR) stock is down nearly 5% during today's trading session, falling along with the broader stock market. The company's market value is $77 billion.

The main S&P 500 index fell 1.3%. The tech-heavy Nasdaq 100, which recently added the MSTR, is down nearly 1.6% so far.