MicroStrategy is wrapping up the year with another Bitcoin announcement
Business intelligence firm MicroStrategy has purchased another 1,914 Bitcoins for $94.2 million in cash, according to its recent regulatory filing.
The company’s Bitcoin trove has now grown to 124,391 Bitcoins that are worth roughly $5.9 billion at current prices.
The latest purchase took place over the period from Dec. 9 to Dec. 29.
Notably, the company’s average purchase price has now surpassed $30,000, meaning that the price of Bitcoin will have to remain above the aforementioned level for the company to break even.
In early December, the firm also announced an $84 million Bitcoin purchase.
Bitcoin is currently up 2.16% over the last 24 hours, changing hands at $47,491 on the Bitstamp exchange. The largest cryptocurrency is down 16% this month.