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MicroStrategy Buys 1,434 More BTC For ~US$82.4 Million

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Business intelligence firm MicroStrategy has purchased an additional 1,434 bitcoins for approximately US$82.4 million in cash, its CEO Michael Saylor said on Twitter on Thursday.

Saylor said the purchase was made at an average price of ~US$57,477 per bitcoin.

The purchase brings the company’s total holdings of the cryptocurrency to approximately 122,478 bitcoins, acquired for a total of ~US$3.66 billion at an average price of ~US$29,861 per bitcoin, Saylor said.

The buy comes less than two weeks after the firm’s last purchase of 7,002 Bitcoin on November 29.

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