MicroStrategy Bought 7K Bitcoins in Fiscal Fourth Quarter for $414M

MicroStrategy said it bought 7,002 bitcoins for about $414 million in cash during its fiscal fourth quarter.

The company bought bitcoins during the quarter for an average price of about $59,000, it said in a statement.
The largest crypto currency by market capitalization was trading around $57,326 on Monday.
MicroStrategy now holds 121,044 bitcoins worth about $3.6 billion with an average purchase price of about $29,534 each.
CEO Michael Saylor has made bitcoin acquisition a second mandate for his 32-year-old company. Its other business is developing business-intelligence software.

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