Microstrategy has purchased 7 000 more BTC
Industry News
The Salvadoran Bitcoin fund is not the only organization using “Black Friday” to purchase more Bitcoins. Microstrategy acquired more BTC as well. Michael Saylor, Microstrategy CEO, announced that the provider of analytical software has purchased 7 002 BTC.
As of November 29, Microstrategy is the holder of 121 044 BTC purchased at the average price of $29 534. The corporation has allegedly spent $3.57 billion for its savings, while the investments are now worth $6.9 billion which makes Microstrategy earn $3.3 billion in net profit.
Microstrategy is the pioneer of corporate investments into BTC, as the company was the first to purchase Bitcoins in August 2020.
With 121 044 BTC, Microstrategy is the leading Bitcoin holder among corporate investors. The top-5 includes the following companies as well: Tesla (38 300 BTC), Galaxy Digital Holdings (14 932 BTC), Square (8 027 BTC), and Marathon Digital Holdings (4 813 BTC). Microstrategy keeps more Bitcoins than the rest of the top-10 representatives combined.
Despite the ups and downs Bitcoin aims to hit new records, according to analysts. Since the beginning of 2021, the BTC price has increased by 91.58%.
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