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MicroStrategy Buys Another $84 Million Worth of Bitcoin

9 Dec, 20211 min readBitcoin
MicroStrategy Buys Another $84 Million Worth of Bitcoin

Business intelligence firm MicroStrategy bought another 1,434 bitcoins over the period from Nov. 29 to Dec. 8, according to its latest regulatory filing.The average purchase price was $57,477, which is 13.5% lower compared to where Bitcoin is trading right now.In late November, as reported by U.Today, MicroStrategy reported that it had purchased $414 million in the largest cryptocurrency since the start of the fourth quarter of 2021. The firm now holds 122,478 coins that are worth $6 billion at current prices.Bitcoin is currently trading at just above $49,000, with the Evergrande default news exerting pressure on the global equities market.

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