MicroStrategy Announced Another Massive Bitcoin Buy
Business intelligence firm MicroStrategy wowed the cryptocurrency community with another massive Bitcoin buy.
The company announced Monday that it has purchased an additional 7,008 Bitcoins at an average price of around $ 59,187 per coin since early October.
MicroStrategy’s Bitcoin wealth has now reached 121,044 coins with an average purchase price of $ 29,534.
The company currently holds around 0.64% of the total circulating supply of Bitcoin.
Bitcoin did not budge on the announcement as it continues to stagnate just above the $ 57,000 level.
As reported by U.Today, the flagship cryptocurrency managed to partially recover from the violent selloff that took place on Monday.