MicroStrategy Ends Year With Another Bitcoin Announcement
Business intelligence firm MicroStrategy bought another 1,914 Bitcoins for $ 94.2 million in cash, according to its recent regulatory filing.
The company’s Bitcoin treasure has now grown to 124,391 Bitcoins which are worth around $ 5.9 billion at current prices.
The last purchase took place during the period from December 9 to 29.
Notably, the company’s average purchase price has now passed $ 30,000, which means the price of Bitcoin will need to stay above the aforementioned level for the company to break even.
In early December, the company also announced an $ 84 million purchase of Bitcoin.
Bitcoin is currently up 2.16% in the past 24 hours, changing hands at $ 47,491 on the Bitstamp exchange. The biggest cryptocurrency is down 16% this month.