MicroStrategy, a prominent business intelligence company, has made a significant move in the cryptocurrency market by acquiring an additional 16,130 Bitcoins (BTC) for approximately $593.3 million. This purchase was made at an average price of $36,785 per Bitcoin. As of November 29, 2023, MicroStrategy's total Bitcoin holdings amount to 174,530 BTC, acquired at an average price of $30,252 per Bitcoin, totaling approximately $5.28 billion in investment.
(Check original announcement: Twitter)
MicroStrategy: A Forerunner in Corporate Bitcoin Investment
MicroStrategy, founded in 1989, has been a trailblazer in leveraging innovative technologies to offer advanced software solutions. The firm has been ardently active in the cryptocurrency domain, being one of the first major corporations to invest extensively in Bitcoin. Their consistent and substantial investments in Bitcoin underscore their belief in the long-term value and potential of cryptocurrencies, making them a pivotal player in the blockchain industry.