Business intelligence firm MicroStrategy, a NASDAQ-listed technology giant, continues to buy Bitcoin with another major purchase valued at more than $ 80 million.
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According to its most recent regulatory filing, MicroStrategy purchased an additional 1,434 BTC between November 29 and December 8. This means that there is no limit to what Bitcoin can be bought with a single multi-million dollar purchase.
The average purchase price is $ 57,477, which is 13.5% lower than Bitcoin, which is currently trading. This means that a purchase was most likely made in the past week as the price of BTC has stayed below $ 50,000 since the crash on Saturday. The company currently holds 122,478 BTC, which was purchased for $ 3.66 billion at an average price of just under $ 30,000.
At the current price of Bitcoin, that means that MicroStrategy’s entire BTC portfolio is now worth over $ 6 billion.
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