Michael Saylor, founder, and CEO of Nasdaq-listed business intelligence company MicroStrategy confirmed today on Twitter that in addition to the purchased 21,454 BTC earlier this summer, the company purchased another 16,796 BTC at a price of $175 million. To date, the company has purchased 38,250 BTC for a total price of $425 million. 

Bitpush Previously reported, MicroStrategy positioned the purchase of Bitcoin as a hedge against inflation.

By Mary Liu