MicroStrategy, a business intelligence company, has bought 135,000 Bitcoin (BTC) in three transactions, which is 35% of its total BTC holdings. This demonstrates the company’s ongoing commitment to Bitcoin. On November 25th, MicroStrategy bought 55,500 BTC for $5.4 billion, and earlier in the month, they acquired 51,780 BTC for $4.6 billion on November 17th and 27,200 BTC for $2.03 billion on November 11th.
The company now holds 386,700 BTC at a total cost of $21.9 billion, with an average cost per Bitcoin of $56,761 and a market value of its holdings exceeding $37.7 billion. MicroStrategy has an unrealized profit of more than $15 billion. These purchases are the most aggressive buying spree for the company since adopting the Bitcoin standard in 2020.
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<p>The post MicroStrategy’s Huge Bitcoin Buys: More Than 35% of Total Holdings! first appeared on CoinBuzzFeed.</p>
