Tag - Michael Saylor

MicroStrategy buys another 1,914 BTC for $94.2 million

MicroStrategy, a business intelligence company, has purchased 1,914 more Bitcoins (BTC/USD). The company’s CEO, Michael Saylor, announced the news today, noting that the company spent $94.20 million (£69.83 million) on December 29 to acquire these coins. According to reports, this purchase brings MicroStrategy’s total BTC holdings to 124,391 coins.

At the time of writing, BTC was at $47,512.32 (£35,222.07), having fallen 0.39% in the last 24 hours. At this price, MicroStrategy’s shares are worth about $5.90 billion (£4.37 billion). Having spent $3.75 billion (£2.78 billion) on the 124,341 BTC, the company has made more than $2.15 billion (£1.59 billion) in profits.

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