The company MicroStrategy purchased 55,500 bitcoins for $5.4 billion during the period from November 18 to 24, as reported by the founder and chairman of the board of the company, Michael Saylor. The average purchase price of the coins from this batch was $97,862 per bitcoin. This purchase was the largest in dollar terms. Last week, MicroStrategy spent $800 million more than the previous one: then the company reported acquiring 51,780 bitcoins for about $4.6 billion at an average price of $88,627 per coin.

The developer of analytical software MicroStrategy is the largest corporate holder of bitcoin in the world. The company was one of the first four years ago to adopt a BTC accumulation strategy based on the belief in the first cryptocurrency as the best deflationary asset.

As of November 24, 2024, MicroStrategy, along with its subsidiaries, owns 386,700 BTC at an average purchase price of $56,761 per bitcoin, for which it has collectively spent $21.9 billion. At the current bitcoin rate of $98,000, the value of 386,700 BTC on November 25 is approximately $37.8 billion.