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MicroStrategy Purchases An Additional $650 Million Bitcoin

Emily Mason

Summary: Business intelligence firm MicroStrategy is now the fifth largest Bitcoin hodler after it invested an additional $650 million in the leading cryptocurrency, according to a recent announcement. The Company now holds around 70,470 Bitcoin, which were acquired at an aggregate purchase price of approximately $1.125 billion and an average purchase price of approximately $15,964 per Bitcoin, inclusive of fees ...

Business intelligence firm MicroStrategy is now the fifth largest Bitcoin hodler after it invested an additional $650 million in the leading cryptocurrency, according to a recent announcement.

The Company now holds around 70,470 Bitcoin, which were acquired at an aggregate purchase price of approximately $1.125 billion and an average purchase price of approximately $15,964 per Bitcoin, inclusive of fees and expenses.

Michael Saylor, MicroStrategy CEO said that the acquisition reaffirms the firm’s belief that Bitcoin is a dependable store of value.

By Emily Mason

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