MicroStrategy is buying an additional $ 82 million in Bitcoin holding a total of 122,478 BTC.

Trading company MicroStrategy increased its BTC holdings by 1,434 after buying Bitcoin at an average price of $ 57,477.

According to data submitted to the U.S. Securities and Exchange Commission on Thursday, MicroStrategy bought 1,434 BTC on November 29 and December 8 for around $ 82.4 million, bringing the total holdings to 122,478 BTC. MicroStrategy's recent BTC acquisitions are worth more than $ 5.9 billion, representing more than $ 2.2 billion in revenue.

“MicroStrategy will once again buy 1434 BTC for 1 BTC with an average price of $ 57,477 to $ 82.4 million. As of December 9, we will buy 122,478 BTC for $ 3.66 billion with an average value of $ 29,861.

-Michael Sailor (@saylor) 9 novembre 2021

Since inception of its initial $ 250 million BTC investment in August 2020, MicroStrategy has used the company's savings to buy millions of dollars in addition to selling exchange-traded assets for clients. Part of the buying plan coincided with Bitcoin's decline, but some buying took place after the price hiked in early 2021, when the value of BTC surpassed $ 50,000.

According to data from Cointelegraph Markets Pro, the value of Bitcoin at press time was $ 48,684, down more than 25% in the past 30 days. Cryptocurrency assets hovered around $ 50,000 after falling to $ 42,000 on Friday.