MicroStrategy Buys $1.5 Billion Worth of Bitcoin

MicroStrategy now holds more than 400,000 BTC

Virginia-based business intelligence firm MicroStrategy has started the month with yet another massive Bitcoin purchase.

The red-hot added has added 15,400 BTC (roughly $1.5 billion) to its coffers.

The company now holds an astonishing 402,100 BTC following its most recent purchase.

MicroStrategy's average purchasing price is now approaching the $60,000 mark, currently standing at $58,263.

The company's shares are up 0.27% in pre-market trading following the Monday announcement.

Meanwhile, Bitcoin is currently trading at $95,556 after declining by 1.7% over the past 24 hours.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

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MicroStrategy Buys $1.5 Billion Worth of Bitcoin

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