MicroStrategy purchases an additional 16,130 Bitcoin for $593 million.
MicroStrategy, a leading business intelligence and software company, continues its unwavering commitment to Bitcoin by purchasing an additional 16,130 BTC for a total cost of $593.3 million, Founder and Chairman Michael Saylor announced today. The purchase comes as the price of Bitcoin is experiencing upward momentum, recently surpassing its yearly high of $38,300.
The company first entered the Bitcoin market in August 2020, making a significant initial investment of $250 million in BTC. Since then, they have continuously increased their Bitcoin holdings, establishing a treasury reserve strategy that has resulted in them acquiring over 174,530 Bitcoins, worth over $6.59 billion at the time of this writing.
“On November 30, 2023, MicroStrategy announced that during the period from November 1, 2023 to November 29, 2023, MicroStrategy, together with its subsidiaries, had approximately 16,130 Bitcoins in cash, approximately $593.3 million, at an average price of approximately $36,785. announced that it had been acquired by per Bitcoin, including fees and costs,” MicroStrategy said. “As of November 29, 2023, MicroStrategy, together with its subsidiaries, held a total of approximately 174,530 Bitcoins, acquired at a total purchase price of approximately $5.28 billion and an average purchase price of approximately $30,252 per Bitcoin (including fees and commissions). It is done. guard.”
With the fourth Bitcoin halving fast approaching and the SEC’s approval of the first Bitcoin ETF seemingly imminent, MicroStrategy continues its aggressive Bitcoin investment strategy with no signs of slowing down.
