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Crypto News > Blog > News > Bitcoin > MicroStrategy Adds 21,550 Bitcoin to Its Reserves in its Fifth Consecutive Weekly Purchase | Keynote
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MicroStrategy Adds 21,550 Bitcoin to Its Reserves in its Fifth Consecutive Weekly Purchase | Keynote

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Last updated: 2024/12/09 at 9:55 AM
Crypto Published December 9, 2024
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MicroStrategy Adds 21,550 Bitcoin to Its Reserves in its Fifth Consecutive Weekly Purchase
 | Keynote
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Contents
In summaryDaily Debrief NewsletterCrypto Keynote USA

In summary

  • MicroStrategy increased its reserves with 21,550 BTC purchased for $2.1 billion last week.
  • The average purchase price was $98,783 per Bitcoin, according to Michael Saylor at X.
  • The company’s total holdings amounted to 423,650 BTC, valued at $42 billion.

Software development company MicroStrategy has once again increased its huge Bitcoin stash, revealing on Monday that it acquired another $2.1 billion in the leading Cryptocurrency last week, in its fifth consecutive weekly purchase.

MicroStrategy added 21,550 BTC valued at $2.1 billion, with an average purchase price of $98,783, founder and CEO Michael Saylor wrote on X (formerly known as Twitter). This brings the company’s total to 423,650 BTC, valued at almost $42 billion at the time of writing, with an average price of $60,324 per Bitcoin.

Editor’s note: This story is developing and will be updated with more details.

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