Giant Whale Buys Another 1,434 BTC

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 BTC48,460.08-533.82-1.09
10.40 ETH4,018.39-140.43-3.38
10.40 LTC152.30-4.21-2.69
10.40 BNB 566.09-18.59-3.18
10.40 XRP0.83-0.03-2.97
10.40 ADA1.24-0.07-5.56
10.40 DOT27.58-0.21-0.76
10.40DOGE0.17-0.01-3.39
10.40 UNI15.65-0.51-3.16
10.40 LINK19.13-1.14-5.63

Leave a Reply

Change Language
%d bloggers like this: