Bitcoin collector MicroStrategy invests fresh $1bn on Bitcoin

$100bn Coinbase IPO

Bitcoin collector MicroStrategy invests fresh $1bn on Bitcoin   Major bitcoin corporate backer MicroStrategy Inc. said today, Wednesday, that it bought another 19,452 bitcoin, worth around $1.03 billion, swelling its holdings of the cryptocurrency and sending the company’s shares 8 per cent higher in premarket trading. The company, whose chief executive officer, Michael Saylor is one of the most vocal proponents of bitcoin, bought the cryptocurrency in cash at an average price of about $52,765 each. MicroStrategy, the world’s largest publicly traded business intelligence company, spent last year steadily amassing…

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