Michael Saylor's MicroStrategy acquired 9,245 more bitcoins for $623 million in cash, increasing its total bitcoin holdings to 214,246 BTC. With this latest purchase, the company now holds over 1% of the total bitcoin supply, comprising 21 million coins.

MicroStrategy's latest acquisition took place between Mar. 11 and Mar. 18 at an average price of $67,382 per bitcoin, including fees and expenses, the business software company said Tuesday.

The company bought the latest bitcoins using $592.3 million from the proceeds of a recent private offering of convertible senior notes, along with $30.7 million of excess cash.

MicroStrategy’s aggregate purchase price of all bitcoins is around $7.53 billion, while its current market value is above $13.5 billion. The bitcoin price surged this year, …