MicroStrategy adds $414 million worth of Bitcoin to its holdings

On November 29, MicroStrategy, Michael Saylor's company has announced another big Bitcoin purchase.


MicroStrategy keeps impressing the cryptocurrency community. Today, the business intelligent firm announced it had bought an additional 7,008 Bitcoins at an average price of around $59,187 per coin since the beginning of October.


In addition, with this recent BTC purchase, MicroStrategy now has about 121,044 Bitcoin with an average purchase price of $29,534. This means that the firm currently has approximately 0.64% of Bitcoin's total circulating supply, more than any other public entity out there.


Bitcoin did not however react to the announcement as it continues to swing above the $57,000 level since its latest crash.


According to CoinMarketCap, Bitcoin is trading at $57,340, at press time. The flagship cryptocurrency has managed to recover a bit from the latest sell-off that happened on Monday.