Business intelligence firm MicroStrategy has added 1,434 Bitcoin to its coffers after purchasing the crypto nugget at an average price of $57,477.

Co-ordinate to a Thursday filing with the Securities and Exchange Commission, MicroStrategy purchased 1,434 Bitcoin (BTC) betwixt November. 29 and Dec. 8 for roughly $82.iv 1000000, making its full holdings 122,478 BTC. With the recent buy, MicroStrategy's holdings are valued at more than $5.9 billion, representing more than than $two.ii billion in gains.

Since making its initial $250-meg Bitcoin investment in August 2022, MicroStrategy has gone on to purchase billions of dollars in Bitcoin in divide buys using the company's cash on paw in add-on to sales of convertible senior notes in individual offerings to institutional buyers. Though there are cases in which the business intelligence firm bought the dip, some buys followed the price surges in early 2022 when the BTC toll was more than than $50,000.

Related: MicroStrategy pledges to buy more BTC despite paper loss on its holdings of $424.8M in Q2

According to data from Cointelegraph Markets Pro, the toll of Bitcoin is $48,684 at the time of publication, having fallen more 25% in the last xxx days. The crypto asset has been hovering near $50,000 since dipping to the $42,000s on Friday.