MicroStrategy Bought Additional Bitcoin for $ 400 Million

The company acquired 7 thousand BTC at an average price of about $ 59.1 thousand. Currently, it holds 121 thousand BTC worth almost $ 7 billion.

The software developer MicroStrategy announced the purchase of 7 thousand bitcoin in the amount of $ 414 million. The average price of the cryptocurrency was $ 59.1 thousand.

As of November 29, the company holds over 121 thousand BTC, acquired at an average price of $ 29.5 thousand. The value of bitcoin on MicroStrategy’s balance has reached $ 6.9 billion.

MicroStrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per #bitcoin. As of 11/29/21 we #hodl ~121,044 bitcoins acquired for ~$3.57 billion at an average price of ~$29,534 per bitcoin. $MSTRhttps://t.co/OA8VWG1bZX

— Michael Saylor⚡️ (@saylor) November 29, 2021

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The company last reported buying the first cryptocurrency in September. Then she acquired 5050 bitcoin worth $ 242.9 million.

The head of MicroStrategy Michael Sailor is an active supporter of digital assets. He said that bitcoin would become the main store of value for the 21st century and called stricter regulation of mining and crypto trading in China a trillion dollar mistake.

MicroStrategy is the largest cryptocurrency holder among public companies. 
In second place in this indicator is the electric car manufacturer Tesla, which holds 43.2 thousand BTC with a total value of almost $ 2.5 billion. 
In third place is the company of Twitter creator Jack Dorsey Square, which owns 8 thousand BTC ($ 458 million).