U.Today - MicroStrategy has the acquisition of an additional 16,130 Bitcoins, a transaction amounting to approximately $593.3 million.
This purchase, which was being carried out between Nov. 1 and Nov. 29, averaged at $36,785 per coin, according to the company's .
This recent transaction has significantly bolstered MicroStrategy's Bitcoin holdings to an impressive total of 174,530 coins that were acquired at an average price of $30,252 per Bitcoin, including fees and expenses. The total investment by the company into Bitcoin now stands at a stunning $5.28 billion.
This strategic move follows MicroStrategy's previous purchase in October. Back then, the company acquired an additional 155 Bitcoins for a modest $5.3 million.
Michael Saylor, cofounder of MicroStrategy, recently predicted a significant price surge for Bitcoin in an with CNBC.
His bullish prediction is based on the upcoming "halving" event and potential approval of the first spot Bitcoin ETF (TSX:EBIT), which he believes will increase demand and decrease supply.