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MicroStrategy adds another 7k Bitcoin to stash By BTC Peers

by Mike Robinson

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© Reuters. MicroStrategy increases the amount of Bitcoins in its stash by 7k

MicroStrategy, a business intelligence company has proven that it remains a strong supporter. The company, which is headed by CEO Michael Saylor who is a passionate Bitcoin advocate, announced Monday that it has added roughly 7,000 Bitcoin to its Bitcoin holdings, worth $414 Million.

According to this announcement, MicroStrategy has purchased 7,008 Bitcoins for an average of $59,187 per coins since October’s beginning. Its latest purchase cost a whopping $414.4 million in cash and brings the firm’s total Bitcoin portfolio to 121,044 coins.

MicroStrategy spends an average of $29 534 per Bitcoin. The firm has a nearly 100 percent gain due to Bitcoin trading being at $60,000

MicroStrategy, a public company that continues to buy Bitcoins regularly, is still the biggest Bitcoin store. Tesla (NASDAQ) is second with 48,000 BTC.

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