MicroStrategy, the enterprise intelligence agency that turned the pioneer of Institutional Bitcoin (BTC) adoption has added one other batch of 7,002 BTC to their treasury. Michael Saylor, the CEO of the agency revealed that they invested over $414 million and acquired the newest batch of BTC at a median value of $59,187.
The most recent buy takes the full Bitcoin holdings of Microstrategy to 121,044 BTC, purchased at an funding of $3.57 billion. MicroStrategy’s BTC funding has already given a 100% return inside two years of its funding.
MicroStrategy has bought a further 7,002 bitcoins for ~$414.4 million in money at a median value of ~$59,187 per #bitcoin. As of 11/29/21 we #hodl ~121,044 bitcoins acquired for ~$3.57 billion at a median value of ~$29,534 per bitcoin. $MSTRhttps://t.co/OA8VWG1bZX
— Michael Saylor⚡️ (@saylor) November 29, 2021
MicroStrategy began shopping for Bitcoin in August final yr when the highest cryptocurrency was buying and selling simply over $10K and since then the fortune 500 firm has made a sequence of investments both in money or by elevating cash via debt safety choices. Even in Might-June when the BTC value dipped under $30K on a few events and so they have been on the verge of dropping cash on their funding, Saylor made it clear that they don’t have any intentions of promoting their Bitcoins.
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