MicroStrategy buys an additional 7,002 BTC for approximately $414.4 million in cash

MicroStrategy buys an additional 7,002 BTC for approximately $414.4 million in cash

MicroStrategy buys an additional 7,002 BTC for approximately $414.4 million in cash MicroStrategy has wowed the cryptocurrency community with another massive Bitcoin purchase.

On Monday, the company announced that it has purchased an additional 7,002 BTC at an average price of around $59,187 per grain since the beginning of October.

Microstrategy's Bitcoin fortunes swelled to 121,044 coins with an average purchase price of $29,534.

The company currently owns approximately 0.64% of the total circulating supply of Bitcoin.

Bitcoin did not budge from the announcement as it continued in a flat line above the $57,000 level.

As reported by U.Today ; The major cryptocurrency has managed to partially recover from Monday's violent sell-off.