MicroStrategy Bought Another 7K Bitcoin Worth $414 Million
MicroStrategy – the firm spearheaded by one of Bitcoin’s most avid and vocal proponents, Michael Saylor – revealed yet another whopping Bitcoin purchase.
- MicroStrategy doesn’t seem to waste any time and resources when it comes to accumulating more bitcoin.
- Michael Saylor, the company’s CEO, announced that they had bought another 7,002 bitcoins for around $414.4 million in cash.
- The average price of their buy was approximately $59,17.
MicroStrategy has purchased an additional 7,002 bitcoins for $414.4 million in cash at an average price of $59,17 per bitcoin. As of 11/29/21 we hold 121,044 bitcoins acquired for $3.57 billion at an average price of $29,534 per bitcoin.
- At the time of this writing, bitcoin’s price sits at around $57K, which is an increase of around 93%.
- This means that their investment is currently just shy of $7 billion.
- Data from CoinGecko reveals that MicroStrategy remains the public company with the largest Bitcoin stash, followed by Tesla, which reportedly owns 48,000 BTC.
