#SaylorBTCPurchase

Microstrategy the largest corporate holder of bitcoin, boosted its holdings in November, buying some 16,130 $BTC , worth around $608 million at current prices.

The Michael Saylor-founded software developer bought the $BTC for around $593.3 million in cash at an average price of about $36,785 apiece, according to a regulatory filing on Thursday. It now holds 174,530 Btc bought at an average of about $30,252 per coin.

The November purchase marks an acceleration in the firm's bitcoin buying activities. As of end-October MicroStrategy held 158,400 BTC, having acquired 6,607 $BTC since the beginning of the third quarter. It's now increased its holdings by over 10% in a month.

MicroStrategy also entered into an agreement with Cowen and Company, Canaccord Genuity and BTIG to offer up to $750 million worth of class A common stock