Business : MicroStrategy bought another $ 50 million in Bitcoin
MicroStrategy, the business intelligence company, has bought 2,574 Bitcoins at $ 19,427 each, for a total of $ 50 million. Sure enough, MicroStrategy CEO Michael Saylor confirmed the third purchase. MicroStrategy has purchased approximately 2,574 bitcoins for $ 50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $ 19,427 per bitcoin.