MicroStrategy announces purchase of 7002 more Bitcoin (BTC) for $414.4 million |

MicroStrategy is the world’s leading provider of business intelligence software for more than 1.5 million customers worldwide, and it has announced that they now have 7002 Bitcoin in their possession following a purchase from market leader Chainalysis. MicroStrategy intends to further create financial transparency through this new investment, which they hope will give them a competitive edge over other businesses when navigating future technological developments on the blockchain within agriculture and manufacturing industries.

MicroStrategy has announced the purchase of 7002 more Bitcoin (BTC) for $414.4 million. The company is now worth $2 billion. Read more in detail here: microstrategy stock.

MicroStrategy announces purchase of 7002 more Bitcoin (BTC) for $414.4 million |

MicroStrategy reported earlier today that it had bought another 7,002 Bitcoins (BTC). With this new acquisition, Michael Saylor’s business has become the biggest known non-crypto BTC holder.

Michael Saylor has received more bitcoins.

One of the world’s leading software businesses recently disclosed a huge rise in its bitcoin holdings.

MicroStrategy has bought an extra $7,002 BTC for $414.4 million in cash, according to its most recent Form 8-K filing with the Securities and Exchange Commission. The bitcoins were acquired at an average price of roughly $59,187 per BTC, according to Michael Saylor, CEO of MicroStrategy.

While this isn’t the greatest cryptocurrency acquisition MicroStrategy has made, it has greatly grown its Bitcoin holdings—the business now possesses 121,044 BTC.

The 121,044 bitcoins were purchased for $3.57 billion, or $29,534 per bitcoin.

At an average price of $59,187 per bitcoin, MicroStrategy has acquired an additional 7,002 bitcoins for $414 million in cash. We #hodl 121,044 bitcoins for $3.57 billion on November 29th, at an average price of $29,534 per bitcoin. $MSTR https://t.co/OA8VWG1bZX

November 29, 2021 — Michael Saylor (@saylor)

The news of MicroStrategy’s recent acquisition sparked a big reaction in the market, with Bitcoin surging over 7% in the hours after the announcement. While it saw a short 2 percent pullback on the way down to $57,100, the charts remain tight as the market anticipated additional increase.

MicroStrategy announces purchase of 7002 more Bitcoin (BTC) for $414.4 million |From November 25th to November 29th, 2021, a graph depicting the price of Bitcoin was created (Source: BTCUSD Chart on TradingView)

MicroStrategy’s prior Bitcoin acquisitions affected the market greatly, and with three months since its most recent huge announcement, we might see further price activity in the days ahead.

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MicroStrategy announces purchase of 7002 more Bitcoin (BTC) for $414.4 million |

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The “who owns the most bitcoin” is a question that has been asked for quite some time. In December of last year, MicroStrategy announced that they had purchased 7002 more Bitcoin (BTC) for $414.4 million.

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