MicroStrategy, a number one enterprise intelligence and software program firm, has continued its steadfast dedication to Bitcoin by buying an extra 16,130 BTC at a complete value of $593.3 million, Founder & Chairman Michael Saylor introduced at present. The acquisition got here as Bitcoin’s value has been experiencing upward momentum, reaching a latest yearly excessive of over $38,300.
The corporate initially entered the Bitcoin market in August 2020, making a big preliminary funding of $250 million into BTC. Since then, they’ve persistently added to their Bitcoin holdings, making a treasury reserve technique that has garnered over 174,530 bitcoin price greater than $6.59 billion on the time of writing.
“On November 30, 2023, MicroStrategy introduced that, in the course of the interval between November 1, 2023 and November 29, 2023, MicroStrategy, along with its subsidiaries, acquired roughly 16,130 bitcoins for roughly $593.3 million in money, at a median value of roughly $36,785 per bitcoin, inclusive of charges and bills,” MicroStrategy acknowledged. “As of November 29, 2023, MicroStrategy, along with its subsidiaries, held an mixture of roughly 174,530 bitcoins, which had been acquired at an mixture buy value of roughly $5.280 billion and a median buy value of roughly $30,252 per bitcoin, inclusive of charges and bills.”
Because the fourth Bitcoin halving rapidly approaches and the primary spot Bitcoin ETF approval by the SEC appears imminent, MicroStrategy continues its aggressive bitcoin funding technique with no indicators of slowing down.