MicroStrategy, a U.S.-based business intelligence firm, added more stash to its Bitcoin holdings with the purchase of 11,931 BTC with a payment of $786.0 million, or an average price of $65,883 per Bitcoin.
MicroStrategy is now holding a total of 226,331 Bitcoins. This holding is now worth around $15 billion at bitcoin’s current price of roughly $66,000.
MicroStrategy’s founder and executive chairman, Michael Saylor, estimates that the company paid approximately $8.33 billion for its entire holdings of 226,331 Bitcoin, and now an average price sets for $36,798 per Bitcoin.
In 2020, Michael Saylor and MicroStrategy began their investment in Bitcoin, the oldest and most prominent cryptocurrency, and have since led the charge to establish BTC as a reserve asset for corporate treasuries. MicroStrategy’s stock has risen by 2% in premarket trading, now valued at $1,507.