Last Updated on November 30, 2023 by COINBUZZFEED
MicroStrategy has recently acquired an additional 16,130 Bitcoins, solidifying its position as a major player in the digital asset market. The acquisition, totaling approximately $593.3 million, comes at an average price of $36,785 per Bitcoin.
MicroStrategy’s Impressive Bitcoin Treasury Reaches New Heights
As of November 29, 2023, MicroStrategy proudly announces that it now holds a staggering 174,530 Bitcoins, obtained for an overall investment of around $5.28 billion. The average cost per Bitcoin in this extensive portfolio stands at $30,252, showcasing the company’s commitment to bolstering its digital assets despite market fluctuations.
MicroStrategy’s recent acquisition of 16,130 Bitcoins is a clear indication of the company’s confidence in the long-term value and stability of the leading cryptocurrency.
The acquisition was executed at an average price of $36,785 per Bitcoin, reflecting MicroStrategy’s meticulous approach to securing assets at opportune moments. This calculated move not only showcases the company’s financial prudence but also positions MicroStrategy as a key player influencing the broader cryptocurrency market.
MicroStrategy’s total Bitcoin holdings have reached an impressive 174,530 BTC. The company’s commitment to expanding its cryptocurrency treasury has been unwavering, with the cumulative investment now exceeding $5.28 billion. This milestone not only underscores MicroStrategy’s confidence in Bitcoin but also establishes the company as one of the largest institutional holders of the digital asset.
