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MicroStrategy acquires another 51,780 Bitcoin for $4.6 billion, taking holdings to 331,200 BTC

Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 51,780 BTC for approximately $4.6 billion at an average price of $88,627 per Bitcoin between Nov. 11 and Nov. 17, according to an 8-K filing with the Securities and Exchange Commission.

It represents the company’s largest set of acquisitions to date. The company now holds 331,200 BTC, worth roughly $29.7 billion. MicroStrategy’s total holdings were bought at an average price of $49,874 per Bitcoin, a total cost of around $16.5 billion, including fees and expenses.

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