Business intelligence firm MicroStrategy has further augmented its #Bitcoin bag with a much-expected 5,262 BTC purchase on Monday.
MicroStrategy’s chairman, Michael Saylor, confirmed the latest acquisition in a tweet on Monday. The software development firm extended its weekly acquisition streak by purchasing 5,262 BTC ($561 million).
According to the announcement, MicroStrategy bought the bitcoins at an average price of $106,662 per coin, bringing its total to 442,262 BTC ($42 billion).
MicroStrategy Extends Its Weekly Bitcoin Purchase Streak
Meanwhile, MicroStrategy has announced Bitcoin acquisitions for seven consecutive weeks as its appetite for the premier asset reaches insane levels. The firm resumed the streak on November 11 with a purchase of 27,200 BTC ($2.03 billion) and has accrued 192,042 BTC since then.
MicroStrategy’s Bitcoin average cost now stands at $62,226, with the firm spending $27.64 billion to acquire its 442,262 BTC. This indicates that the pro-Bitcoin firm has a lifetime portfolio unrealized profit of $14.57 billion.
Notably, the crypto community expected the Monday announcement. Enthusiasts have uncovered a trend in which Saylor mentions a desire to add new dots to MicroStrategy’s portfolio tracker before making a buy announcement the following day.
