MicroStrategy recently added another set of Bitcoins to its Crypto Portfolio.

A total of 1,914 additional bitcoins were purchased by the largest bitcoin investor during December.

As its CEO Micheal Seelor tweeted, “The United States business intelligence firm spent just over $94.2 million.”

MicroStrategy bought an additional 1,914 Bitcoins for $94.2 Million in cash, at an average price $49.229 per bitcoin. We #hodl 12/29/21 124,391 bitcoins purchased for $3.5 billion, an average of $30,159 per bitcoin. $MSTRhttps://t.co/tNxDwaT8VD

— Michael Saylor (@saylor) December 30, 2021

MicroStrategy’s near-purchase price was $49 229 per bitcoin.

MicroStrategy has made this latest, bitcoin-related acquisition. This was the second purchase within the current month. Michael Saylor had earlier in December announced that he purchased 1,434 bitcoin for $82.4million at an average price $57,477.

MicroStrategy bought an additional 1,434 Bitcoins, at an average cost of $57.477 each #bitcoin. On 12/9/21, we #hodl an additional 1,434 bitcoins for $82.4 million in cash at an average cost of $29.861 per bitcoin. $MSTRhttps://t.co/Xke8QhoYpy

— Michael Saylor (@saylor) December 9, 2021

MicroStrategy currently owns over 115K bitcoins. It’s CEO Michael Saylor an outspoken bitcoin advocate, who strongly supports scarce bitcoin as the best store of value asset.

Flipside

• Companies like MicroStrategy (NASDAQ:), which have acquired large quantities of cryptocurrency leader Bitcoin, the concentration of bitcoin in corporate hands is increasing.

Why you should care

He is the leader of the cryptocurrency market worth $2.22 trillion, and his moves are closely monitored by hundreds altcoins.

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