MicroStrategy founder and CEO Michael Saylor
Tysons-based business software company MicroStrategy Inc. announced Wednesday that it has purchased $1.026 billion of additional bitcoin, its largest single bitcoin purchase since it began acquiring the cryptocurrency last August.
With this latest transaction, MicroStrategy’s total bitcoin holdings are worth approximately $4.5 billion, valued at current rates of $49,884 per bitcoin. The enterprise software company’s February acquisition of approximately 19,452 bitcoins puts its total holdings at 90,531 as of Feb. 24.
MicroStrategy reported that it paid an average price of $52,765 per bitcoin, including fees and other expenses. It places the average purchase price of all its bitcoins at $23,985 each, including fees and other expenses.
