More Bitcoin for MicroStrategy following $414M purchase
MicroStrategy’s Bitcoin treasury has been topped once more, with the business intelligence firm announcing the purchase of 7,002 additional tokens on Monday.
The total purchase was worth $414.4 million in cash and the digital assets were bought at an average price of approximately $59,187 per coin since the beginning of October.
A tweet by MicroStrategy CEO Michael Saylor further revealed that the company now holds 121,044 Bitcoins acquired for a grand total of $3.57 billion. The average acquisition price for the whole treasury comes out to be $29,534 per Bitcoin.
At the time of writing, Bitcoin was trading at around $57,000, an increase of around 93% from the cost of acquisition.
This also puts MicroStrategy’s Bitcoin treasury to be worth over
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