MicroStrategy Spends Another $600M In Another BTC Buying Spree

MicroStrategy is once again doubling down on Bitcoin

According to the latest SEC filing, the company has acquired a whopping 16,130 Bitcoins between November 1st and 29th

The average price per BTC was $36,785, inclusive of transaction cost

Following this purchase, MicroStrategy now holds an impressive 174,530 BTCs

The aggregate price for these coins stands at $5.28 billion, averaging $30,252 per coin

The value of MicroStrategy's BTC holdings has now surpassed $6 billion at the current market price

MicroStrategy's founder, Michael Saylor, believes the approval of the spot Bitcoin ETF will be a game-changer for the crypto ecosystem.