MicroStrategy Adds Billions More in Bitcoin in Fifth-Straight Weekly Buy - Decrypt

12/09/2024 14:08
MicroStrategy Adds Billions More in Bitcoin in Fifth-Straight Weekly Buy - Decrypt

Michael Saylor's software firm now has $42 billion worth of Bitcoin after adding 21,550 BTC in MicroStrategy's fifth consecutive weekly buy.

Software development firm MicroStrategy has boosted its massive Bitcoin stash yet again, disclosing Monday that it purchased another $2.1 billion worth of the leading cryptocurrency last week in its fifth-straight weekly buy.

MicroStrategy added 21,550 BTC valued at $2.1 billion, with an average purchase price of $98,783, wrote founder and Executive Chairman Michael Saylor on X (formerly known as Twitter). That pushes the firm's tally to 423,650 BTC, valued at nearly $42 billion as of this writing, with an average price of $60,324 per Bitcoin.

Editor's note: This story is breaking and will be updated with additional details.

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