Software company turned serial cryptocurrency acquirer MicroStrategy (MSTR) has continued its Bitcoin (BTC) purchases, pushing its total holdings above 400,000 BTC tokens.
In recent days, MicroStrategy has purchased an additional 15,400 Bitcoin at an average price of $95,976 U.S.
The company, led by chairman Michael Saylor, now owns a total of 402,100 Bitcoin that’s valued at $38 billion U.S. based on the current price of the largest crypto by market capitalization.
MicroStrategy says it has spent a total of $23.4 billion U.S. acquiring its Bitcoin stake at an average price of $58,263 U.S. BTC tokens.
The company remains the largest corporate holder of Bitcoin in the world.
MicroStrategy’s Bitcoin purchases have increasingly been funded through proceeds obtained from selling company stock.
On October 30 of this year, MicroStrategy raised more than $40 billion U.S. to fund its Bitcoin purchases over the long-term.
This latest acquisition marks the fourth consecutive week of Bitcoin purchases by MicroStrategy.
The price of Bitcoin reached an all-time high of $99,655 U.S. on Nov. 22, fueling speculation about the digital asset reaching the highly anticipated $100,000 U.S. milestone.
However, since peaking in late November, Bitcoin’s price has pulled back and is currently trading at $94,700 U.S.
Cryptocurrencies have been rallying since Donald Trump won the U.S. election on Nov. 5.
