Bitcoin price continues to move below the $50,000 mark, showing a general downturn in the crypto market at the moment. At 7:40 a.m. ET (Dec. 11), Bitcoin was up 0.01%, hovering at $48,210.07.
MicroStrategy, the bitcoin-loving giant, seems to be taking further advantage of the current weakness and has acquired an additional 1,434 BTC, equivalent to $82.4 million.
At last count, the company held a total of 122,478 BTC on its balance sheet. That puts the total value of all Bitcoins acquired by Chief Executive Officer (CEO) Michael Saylor at $3.66 billion, giving an average purchase price of around $29,861 per BTC.
The value of Bitcoins held by the company now exceeds $6 billion, which means that the value has almost doubled since the purchase of the Bitcoins.
The Spot Market is Closed
Saturday, December 11, 2021
| Crypto Updated at | USD Price | Change | %Change |
| 10.40 BTC | 48,460.08 | -533.82 | -1.09 |
| 10.40 ETH | 4,018.39 | -140.43 | -3.38 |
| 10.40 LTC | 152.30 | -4.21 | -2.69 |
| 10.40 BNB | 566.09 | -18.59 | -3.18 |
| 10.40 XRP | 0.83 | -0.03 | -2.97 |
| 10.40 ADA | 1.24 | -0.07 | -5.56 |
| 10.40 DOT | 27.58 | -0.21 | -0.76 |
| 10.40DOGE | 0.17 | -0.01 | -3.39 |
| 10.40 UNI | 15.65 | -0.51 | -3.16 |
| 10.40 LINK | 19.13 | -1.14 | -5.63 |