MicroStrategy purchases approximately $600 million worth of Bitcoin in November, increasing holdings by 10% | CoinDesk JAPAN

MicroStrategy, the US company that holds the largest amount of Bitcoin (BTC) among companies, bought more in November, and the current price is approximately $608 million (approximately 91.2 billion yen, 150 yen per dollar) I purchased approximately 16,130 BTC, which is equivalent to (conversion).

According to a Dec. 30 regulatory filing, MicroStrategy purchased approximately $593.3 million worth of Bitcoin in cash, or an average price of about $36,785 per BTC. He currently holds 174,530 BTC purchased at an average price of approximately $30,252 per BTC.

The November buying spree shows MicroStrategy’s Bitcoin buying activity is accelerating. As of the end of October, the company held 158,400 BTC, with additional purchases of 6,607 BTC since the beginning of the third quarter. This time, the amount held has increased by more than 10% in one month.

MicroStrategy also entered into agreements with Cowen and Company, Canaccord Genuity, and BTIG to provide up to $750 million worth of Class A common stock.

MicroStrategy shares fell 0.82% to $502.96 in early trading on the Nasdaq.

｜Translation and editing: Rinan Hayashi
｜Image: Former CEO Michael Saylor (Anna Baydakova/CoinDesk)
｜Original text: MicroStrategy Bought $600M of BTC in November, Increased Holdings by 10%