Michael Saylor, the founder of MicroStrategy, recently shared on his Twitter account that the company has acquired approximately 16,130 Bitcoins, spending around $593.3 million in cash for the purchase. The average acquisition cost amounted to $36,785.
As of November 29th, MicroStrategy holds 174,530 BTC on its balance sheet, with a total value of approximately $5.28 billion, acquired at an average price of $30,252.
The company most recently acquired an additional 155 BTC for $5.3 million in October 2023. Between August 1st and September 24th, the firm purchased 5,445 BTC for approximately $147.3 million.
Previously, in MicroStrategy's third-quarter 2023 report, it was stated that during that period, the company added 6,067 BTC to its portfolio, totaling $167 million, acquired at an average price of $27,531.
At the time of writing, Bitcoin is trading at approximately $37,600.
