MicroStrategy Increased Its Bitcoin Holdings Once More

microstrategy bitcoin

MicroStrategy added another batch of Bitcoins to its crypto portfolio. 

The biggest Bitcoin investor purchased an additional amount of 1,914 Bitcoins during December. 

The United States business intelligence company spent a bit around $94.2 million as its CEO Micheal Saylor shared in his recent tweet.

The average price MicroStrategy paid for its near purchase is $49,229 per Bitcoin.

This is the latest Bitcoin-related purchase of MicroStrategy and the second one made within this month. Earlier in December, Michael Saylor declared the acquisition of 1,434 Bitcoin bought for $82.4 million with an average price of $57,477 per Bitcoin. 

MicroStrategy is currently the biggest Bitcoin owner, holding over 115K Bitcoins at the time of publishing. Its CEO Michael Saylor, an outspoken Bitcoin advocate, strongly supports Bitcoin as the best store of value asset.

On the Flipside

  • With companies like MicroStrategy and Tesla acquiring large amounts of the leading cryptocurrency, bitcoin’s concentration in corporate hands increases.

Why You Should Care

Bitcoin is still the flagship asset of the $2.22 trillion worth of cryptocurrency market, whose moves are closely followed by hundreds of altcoins.

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