MicroStrategy, a leading business intelligence company, significantly increased its Bitcoin holdings, buying 55,000 BTC for $5.4 billion between November 18 and 24. The average purchase price was $97,862 per Bitcoin, according to a recent filing.
This acquisition brings the company’s total Bitcoin reserves to 386,700 BTC, purchased at a combined cost of $21.9 billion, averaging $56,761 per coin.
The purchase reflects MicroStrategy’s strong confidence in Bitcoin’s potential, fueled by growing institutional interest and expectations of crypto-friendly policies under the upcoming U.S. administration.
Summary Review
- Acquisition: 55,000 BTC for $5.4 billion.
- Average Price: $97,862 per Bitcoin.
- Total Holdings: 386,700 BTC, worth $21.9 billion in total acquisition cost.
- Reasoning: Optimism about institutional growth and regulatory support for crypto.
MicroStrategy continues to lead in corporate Bitcoin adoption, betting on its long-term value and role in the evolving financial ecosystem.
Disclaimer: Nothing in this article, or any content from Web30 News, should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves risks, and investors should be aware that capital is at risk and returns are never guaranteed. Please conduct thorough research and consult with a qualified financial advisor before making any investment decision.
