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MicroStrategy Buys More Bitcoin at Average Price Above $19,400
MicroStrategy Inc. has bought more Bitcoin. The company paid $50 million for more of the world’s largest cryptocurrency at an average purchase price of $19,427, it said in a filing to the U.S. Securities and Exchange Commission. MicroStrategy now has about 40,824 Bitcoins in total, according to the filing. Bitcoin on Monday surpassed its December 2017 record high of $19,511. It neared $20,000 but wasn’t able to crack that key level, and after peaking at $19,914 has bounced around mostly in a range between $18,500 to $19,500 since. As of 10:20 a.m. in Hong Kong, it was at $18,746. MicroStrategy has made waves with ... (full story)