MicroStrategy purchased 2,574 bitcoins for $50.0 million

MicroStrategy, the publicly traded business intelligence firm has bought $50.0 million in Bitcoin,  per SEC filings Friday night.

“MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. We now hold approximately 40,824 bitcoins.”  CEO Michael Saylor tweeted.

MicroStrategy first bought $250 million in BTC on Aug. 11. followed by an additional $175 million worth of BTC one month later, the average cost per bitcoin is $11,635. All told, the total value of its bitcoin holdings is worth roughly $766.6 million.

Over the past 24 hours, Grayscale Investments fund added 7,188 BTC to its crypto holdings – that is $136,960,870.

In November alone, Grayscale laid its hands on 55,015 BTC. That equals $1,068,127,228, whereas Bitcoin miners managed to produce only 27,881 BTC that month ($538,973,187).

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