MicroStrategy Adds 16,130 BTCs to Bitcoin Stash, Brings Portfolio Above 170,000 BTCs

American business intelligence company MicroStrategy has just added another tranche of BTCs to its portfolio. In its latest purchase, 16,130 BTCs have been added to the company’s stash, bringing its total holdings to 174,530 BTCs.

MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per #bitcoin. As of 11/29/23, @MicroStrategy now hodls 174,530 $BTC acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. $MSTR https://t.co/hSEZyzGBsr

— Michael Saylor⚡️ (@saylor) November 30, 2023

MicroStrategy Now Holds Over 170,000 BTCs

The latest purchase was first disclosed in a Form 8-K document filed on November 29th with the United States Securities and Exchange Commission (SEC). MicroStrategy noted that it purchased the 16,130 BTCs for approximately $593.3 million when BTC traded at $36,785.

MicroStrategy’s latest Bitcoin purchase trails its previous big buy of 5,445 BTCs (worth $147.3 million at the time of purchase) in late September. Bitcoin traded around $27,000 during that period.

The latest acquisition solidifies MicroStrategy’s position as the company holding the largest BTC holdings. Impressively, the firm presently holds over 0.83% of Bitcoin’s total supply.

The company’s Bitcoin portfolio now sits at 174,530 BTCs (worth over $6.5 billion). Interestingly, the total Bitcoin stash is in profits as the total holdings were purchased for around $5.28 billion at an average BTC price of $30,252.

MicroStrategy’s BTC Portfolio in the Green

Under the leadership of its co-founder and former CEO, Michael Saylor, MicroStrategy has maintained a three-year-long BTC acquisition spree. The company’s purchasing spree spanned across the 2021 bull run when BTC saw its all-time high (ATH) of around $68,000.

Despite the price drop that has affected BTC, the business intelligence firm has remained committed to stacking as many BTCs as possible. However, the company for the first time sold a portion of its BTC stash late last year.

When BTC soared above the $30,000 price mark last month, MicroStrategy’s BTC portfolio entered the green once again.

Presently, BTC trades at $37,700, a mild 1.3% increase over the past seven days. However, the asset remains 45.4% below its ATH value.

Source: CoinStats