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The NASDAQ-listed tech giant, spearheaded by Michael Saylor, continues its BTC buying spree after another substantial purchase worth more than $80 million.
- Michael Saylor, one of the most prominent bitcoin advocates, who is also the founder and CEO of MicroStrategy, announced the latest purchase earlier on December 9th.
- The company has accumulated another 1,434 coins for approximately $82.4 million in cash at an average price of around $57,500 per bitcoin. This means that the purchase was made most likely last week since BTCâs price has been stuck below $50,000 ever since the Saturday crash.
- This is the tech behemothâs second bitcoin buy in the past few weeks. As reported by CryptoPotato in late November, the firm then spent $414 million to swipe just over 7,000 coins.
- Consequently, the companyâs total stash is now 122,478 bitcoins, which were acquired for $3.66 billion at an average price of just under $30,000.
- Given bitcoinâs price as of writing these lines â inches away from $50,000 â this means that MicroStrategyâs entire BTC portfolio is now worth over $6 billion.
MicroStrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash at an average price of ~$57,477 per #bitcoin. As of 12/9/21 we #hodl ~122,478 bitcoins acquired for ~$3.66 billion at an average price of ~$29,861 per bitcoin. $MSTRhttps://t.co/Xke8QhoYpy
â Michael Saylor (@saylor) December 9, 2021
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