MicroStrategy buys $4.6B of Bitcoin as price hits new highs
MicroStrategy acquired an additional 51,780 BTC worth $4.6 billion, boosting its total holdings to 331,200 Bitcoin as BTC prices hit record highs above $92,400.
MicroStrategy, one of the world’s largest public holders of Bitcoin, continued stacking BTC even as the cryptocurrency broke new highs.
On Nov. 18, MicroStrategy announced it purchased 51,780 Bitcoin (BTC) for about $4.6 billion at an average price of $88,627 per BTC.
With the latest acquisition, MicroStrategy’s total Bitcoin holdings have grown to 331,200 BTC, purchased at an aggregate cost of $16.5 billion. The average price per Bitcoin across all purchases is $49,874.
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Author: Helen Partz
