BUSINESS intelligence platform MicroStrategy yesterday declared it had purchased a further 660 Bitcoin for $25m. The purchase was announced by MicroStrategy CEO Michael Saylor who said the digital assets were acquired throughout January at an average price of $37,865 each.
The investment puts MicroStrategy's holdings at 125,051 Bitcoins, with a current combined value of more than $4.8 billion. The average purchase price per BTC of the entire holding is around $30,200.
MicroStrategy Incorporated is a bitcoin development company. It is engaged in the development of the bitcoin network through its activities in the financial markets, advocacy and technology. It designs, develops, markets and sales its software platform through licensing arrangements and cloud subscriptions and related services. It provides artificial intelligence-powered business intelligence, and enterprise analytics solutions. It offers software and services designed to turn complex, chaotic data environments into rich, reliable, and convenient information feeds for its customers. Its cloud-native flagship, MicroStrategy ONE, powers some of the analytics deployments in the world for customers spanning a range of industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications and the public sector. MicroStrategy ONE provides non-technical users with the ability to directly access novel and actionable insights for decision-making.
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