MicroStrategy is continuous to indicate its bullish stance on Bitcoin (BTC) by stacking up its holdings of the main crypto asset by market cap.
In a put up on the social media platform X, MicroStrategy co-founder and govt chairman Michael Saylor says the enterprise intelligence agency purchased an extra 16,130 BTC in November.
The corporate acquired the digital asset at a median value of $36,785 per Bitcoin for a complete buy value of round $593.3 million.
The latest acquisition brings the corporate’s complete Bitcoin holdings to 174,530 BTC. Says Microstrategy In a brand new submitting with the U.S. Securities and Change Fee,
“As of November 29, 2023, MicroStrategy, along with its subsidiaries, held an combination of roughly 174,530 bitcoins, which have been acquired at an combination buy value of roughly $5.280 billion and a median buy value of roughly $30,252 per bitcoin, inclusive of charges and bills.”
MicroStrategy bolsters its Bitcoin reserves because the flagship cryptocurrency trades sideways. The worth of BTC elevated from under $35,000 in early November to above $37,000 over the last week of the month, however the digital asset stays shy of breaching $40,000.
The highest crypto asset by market cap is price $37,670 at time of writing, up by 0.32% over the previous 24 hours.
MicroStrategy has persistently invested in Bitcoin because it first bought 21,454 BTC for a person value of round $11,653 on August eleventh, 2020. The corporate is now the most important institutional holder of the flagship cryptocurrency.
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