Today, MicroStrategy, the business intelligence and software solution provider, announced the cash purchase of an additional 253 Bitcoin at an average price of $59,339 per coin, for a total of $15 million. With the recent purchase the company’s total Bitcoin holdings increased to 91,579 BTC with an estimated worth $5.40 billion. This is over $3 billion in profit considering the company had only spend roughly 2.226 billion to acquire these coins.
Source: Igaming
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