MicroStrategy – led by one of the most ardent and well-known Bitcoin proponents, Michael Saylor – has revealed another massive BTC purchase.

The giant doesn’t seem to have wasted any time or resources accumulating bitcoin. CEO Michael Saylor announced that they have purchased an additional 7,002 BTC worth around $ 414.4 million.

Their average purchase price is around $ 59,187.

MicroStrategy has an additional 7,002 bitcoins for ~ $ 414.4 million in cash at an average price of ~ $ 59,187 each. bought #bitcoin. From 11/29/21 we have #hodl Purchased ~ 121,044 bitcoins for ~ $ 3.57 billion at an average price of ~ $ 29,534 per bitcoin. $ MSTRhttps://t.co/OA8VWG1bZX

– Michael Saylor⚡️ (@saylor) November 29, 2021

At the time of this writing, Bitcoin price is hovering around $ 57,000, up about 93% from the average price of $ 29,534 at which MicroStrategy made all of its purchases. That means their investments are now worth nearly $ 7 billion.

Source: TradingView

Data from CoinGecko shows that MicroStrategy is still the publicly traded company with the largest amount of Bitcoin, followed by Tesla, which owns 48,000 BTC.

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According to Cryptopotato

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