Software company MicroStrategy has bought more Bitcoin, according to a Wednesday U.S. Securities and Exchange filing and an announcement from Michael Saylor, the firm’s chairman.

The SEC filing reads that between November 30 and December 26, the Tyson, Virginia-based firm bought 14,620 BTC for approximately $616 million, at an average price of approximately $42,110 per digital coin.

MicroStrategy now has 189,150 BTC worth $8.1 billion at today’s prices. It is the largest corporate holder of the cryptocurrency.

Only last month MicroStrategy, which sells data-analyzing software to other businesses, announced that it had spent $593.3 million on 16,130 BTC.

In total, it has bought BTC at an average price of $31,168 per coin. BTC is now trading for $42,901, according to CoinGecko.

Company founder and chairman Michael Saylor Go to Source to See Full Article
Author: Mathew Di Salvo

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