MicroStrategy Announces Gigantic $2.1 Billion Bitcoin Purchase

12/09/2024 20:13

MicroStrategy now holds 423,650 Bitcoins

Virginia-based business intelligence company MicroStrategy has extended its weekly Bitcoin buying streak with another massive purchase.

The largest corporate holder of Bitcoin has acquired an additional 21,550 BTC for roughly $2.1, according to a Monday filing.

MicroStrategy's average purchasing price has now topped the $60,000 level, currently standing at $60,324 per coin.

The company's shares are down 2.18% in pre-market trading.

Bitcoin is currently trading at $98,258, according to CoinGecko data.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

TopCryptoNewsinYourMailbox

MicroStrategy Announces Gigantic $2.1 Billion Bitcoin Purchase

Related articles