Business intelligence firm MicroStrategy announced that it acquired more Bitcoin (BTC) to increase its already big stash of the cryptocurrency.

According to a Sept. 25 communication shared by MicroStrategy co-founder and CEO Michael Saylor on X (formerly Twitter), the company recently purchased 5,445 BTC. The coins cost about $147.3 million in cash at an average price of $27,053 of Bitcoin apiece.

MicroStrategy and its subsidiaries acquired the amount between Aug. 1 and Sept. 24, the Form 8-K filing with the United States Securities and Exchange Commission shows.

According to the filing, MicroStrategy and its subsidiaries had around 158,245 BTC, which they acquired at an average purchase price of approximately $29,582 per coin, including fees and expenses, as of Sept. 24. The total cost of MicroStrategy's Bitcoin holdings is $4.68 billion.

According to the company, they sold a total of 403,362 MSTR shares to finance the purchase. In August, MicroStrategy announced its intent to raise up to $750 million by selling additional stocks, with a portion of the proceeds allocated toward buying more Bitcoin.

Even after Bitcoin traded sideways at around $26,000 over the past few weeks — even slipping to as low as $25,000 in early September after touching $28,000 in August — MicroStrategy’s latest purchase shows the company’s bullish stance on Bitcoin. In June, the firm bought 12,333 BTC for $347 million at an average price of $29,668 each.

Microstrategy reported its first profitable quarter since 2022 in the first quarter of 2023 due to a one-time income tax benefit. It was able to maintain profitability in Q2, reporting $22.2 million in net income in August.