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MicroStrategy Buys Another $84 Million Worth of Bitcoin

u.today 09 December 2021 14:02, UTC
Reading time: ~2 m

Business intelligence firm MicroStrategy bought another 1,434 bitcoins over the period from Nov. 29 to Dec. 8, according to its latest regulatory filing.

The average purchase price was $57,477, which is 13.5% lower compared to where Bitcoin is trading right now.

In late November, as reported by U.Today, MicroStrategy reported that it had purchased $414 million in the largest cryptocurrency since the start of the fourth quarter of 2021.     

The firm now holds 122,478 coins that are worth $6 billion at current prices.

Bitcoin is currently trading at just above $49,000, with the Evergrande default news exerting pressure on the global equities market.    

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