Business intelligence firm MicroStrategy has wowed the cryptocurrency community with yet another massive Bitcoin purchase.
Advertisement
The company announced Monday that it had bought an additional 7,008 Bitcoins at an average price of approximately $59,187 per coin since the beginning of October.
MicroStrategy's Bitcoin riches have now swelled to 121,044 coins, whose average purchase price is $29,534.
XRP Logs Worst Daily Drop Since April. Is $3 in Danger?
XRP Rally Not Over, JPMorgan Eyes Bitcoin-Backed Loans, SHIB Price May Soar 800% in One Week
Is XRP Stronger Than Ethereum? Bitcoin's (BTC) $150,000 Around Corner, Shiba Inu (SHIB): Summer's Biggest Test Incoming
Ripple CEO Sounds the Alarm Over YouTube XRP Scam
Mon, 11/29/2021 - 07:43
Cardano Fan Names Newborn Son After Favorite Cryptocurrency
Advertisement
The company currently holds roughly 0.64% of Bitcoin's total circulating supply.
Bitcoin did not budge on the announcement as it continues to flatline just above the $57,000 level.
As reported by U.Today, the flagship cryptocurrency has managed to partially recover from the violent sell-off that took place on Monday.
Vladislav Sopov
U.Today Editorial Team