Advertisement

MicroStrategy Acquires An Additional 16,130 Bitcoin In November


In a post on the X platform (formerly twitter), MicroStrategy co-founder and executive chairman Michael Saylor says the business intelligence firm bought an additional 16,130 BTC in November.

MicroStrategy acquired the Bitcoin at an average price of $36,785 per Bitcoin for a total purchase price of about $593.3 Million. With this recent acquisition, the company has a total Bitcoin holdings of 174,530 BTC. 

According to Microstrategy in a new filing with the U.S. Securities and Exchange Commission,

“As of November 29, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 174,530 bitcoins, which were acquired at an aggregate purchase price of approximately $5.280 billion and an average purchase price of approximately $30,252 per bitcoin, inclusive of fees and expenses.”

MicroStrategy bolsters its Bitcoin reserves as the flagship cryptocurrency trades sideways. The value of BTC increased from below $35,000 in early November to above $37,000 during the last week of the month, but the digital asset remains shy of breaching $40,000.

Read Also: MicroStrategy’s Michael Saylor: You Can Never Have Too Much Bitcoin

The top crypto asset by market cap is worth $37,670 at time of writing, up by 0.32% over the past 24 hours.

MicroStrategy has consistently invested in Bitcoin since it first purchased 21,454 BTC for an individual price of around $11,653 on August 11th, 2020. The company is now the largest institutional holder of the flagship cryptocurrency.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *