MicroStrategy Purchases 16,130 Bitcoin for $593.3 Million, Bringing Total Holdings to $6 Billion
MicroStrategy, a business intelligence firm, has purchased 16,130 Bitcoin in November for approximately $593.3 million, at a price of $36,785 per Bitcoin. This brings the company's total Bitcoin holdings to 174,530, worth roughly $6.6 billion at the time of publication. MicroStrategy has consistently been purchasing large volumes of Bitcoin since adopting it as its treasury reserve asset in August 2020 and reported a gain of $900 million for its Bitcoin holdings in Q3 of 2023.
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