Bitcoin price surged above the $92,000 mark on November 18 fueled by another record-breaking $4.6 billion BTC purchase from MicroStrategy.

Self-described Bitcoin Development Company MicroStategy (MSTR) added to its bitcoin {{BTC}} stack, purchasing 51,780 tokens for $4.6 billion over the six days ended Sunday. With this latest purchase, the company — which began buying bitcoin in August ...

MicroStrategy acquired an additional 51,780 BTC worth $4.6 billion, boosting its total holdings to 331,200 BTC as Bitcoin prices hit record highs above $92,400. MicroStrategy, one of the world’s largest public holders of Bitcoin, continued stacking BTC even as the cryptocurrency broke new highs.

MicroStrategy has bought about $4.6 billion of bitcoin—the first fruits of a huge new fundraising plan, and its largest bitcoin purchase since it first started acquiring the cryptocurrency more than four years ago.

Key Takeaways MicroStrategy purchased another $4.6 billion worth of bitcoin last week.The company's total bitcoin holdings are now worth roughly $30 billion.MicroStrategy sold around 13.6 million shares to fund the most recent bitcoin purchase.

The business software firm acquired ~51,780 bitcoins ( BTC-USD) for ~$4.6B, at an average price of ~$88,627 per bitcoin, between Nov. 11 and Nov. 17, the company said. On Nov. 18, MicroStrategy ( NASDAQ: MSTR) sold almost 13.