Enterprise intelligence agency MicroStrategy has added to its Bitcoin (BTC) holdings, reaffirming CEO Michael Saylor’s bullish outlook on the digital asset regardless of its latest struggles.

In a Kind 8-Okay submitting with the US Securities and Change Fee (SEC), Microstrategy disclosed that it had acquired a further 480 BTC at a median value of roughly $20,817. The whole buy quantity was $10 million in money.

With the acquisition, MicroStrategy now holds 129,699 BTC, making it the most important company holder of Bitcoin. The whole worth of its holdings is roughly $3.98 billion.

MicroStrategy has bought a further 480 bitcoins for ~$10.0 million at a median value of ~$20,817 per #bitcoin. As of 6/28/22 @MicroStrategy holds ~129,699 bitcoins acquired for ~$3.98 billion at a median value of ~$30,664 per bitcoin. $MSTRhttps://t.co/leQYTXn817

— Michael Saylor⚡️ (@saylor) June 29, 2022

The enterprise intelligence agency is scooping up Bitcoin throughout a interval of utmost market volatility. On Wednesday, Bitcoin’s value briefly dipped beneath $20,000, which is greater than $10,000 decrease than the corporate’s common acquisition value. The corporate’s BTC stash is presently sitting at a internet unrealized lack of almost $1.4 billion, according to information supplied by Bitcoin Treasuries.

MicroStrategy could discover ‘future yield era alternatives’ on 95,643 BTC holdings

Michael Saylor, the agency’s CEO, stays bullish on Bitcoin’s long-term prospects. Earlier this month, he advised his 2.5 million Twitter followers that the agency plans to “HODL by means of adversity” and has no plans to dump its holdings. The bullish reaffirmation got here amid rumors that the corporate risked a margin name if Bitcoin’s value fell beneath $21,000. Based on Saylor, the margin name rumor is a “nothing concern.”

MicroStrategy reported first-quarter revenues of $119.3 million. Gross revenue for the quarter was $93.6 million.