MicroStrategy purchased 2,138 Bitcoin tokens at an average price of approximately US$97,837 from Dec 23 through Dec 29, according to a filing with the US Securities and Exchange Commission on Monday.
MicroStrategy said it bought US$209 million ($284.07 million) of Bitcoin, marking the eighth consecutive week of purchases for the dot-com-era software-maker turned leveraged proxy for the original cryptocurrency.
Michael Saylor, co-founder and chairman of the Tysons Corner, Virginia-based firm, has focused on increasing MicroStrategy’s holdings of Bitcoin. This strategy has led the company to a market capitalisation of more than US$80 billion, helping it to join the Nasdaq 100 Index last week.
