u.today
Business intelligence firm MicroStrategy purchased a whopping $4.6 billion worth of Bitcoin within a single week.
The publicly listed company added 51,780 BTC to its coffers at an average price of $88,627 per Bitcoin.
MicroStrategy's total holdings have now ballooned to 331,200 BTC (roughly $29.7 billion at current prices).
The company's average purchase price is fast approaching the $50,000 mark, currently standing at $49,874.
MicroStrategy shares are up a mere 0.17% in pre-market trading.
Meanwhile, the price of Bitcoin has now dipped below the $90,000 level after reaching an intraday high of $92,142. Bitcoin is down 3.8% from its all-time peak of $93,477 which was achieved five days ago.