Business intelligence firm MicroStrategy has purchased an additional $242.9 million worth of Bitcoin, according to a recent regulatory filing.
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The total amount of Bitcoin purchases by the firm during the third quarter of 2021 currently stands at $419 million.
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The company now holds roughly $5.1 billion worth of the largest cryptocurrency. Its average purchasing price is $27,713 per coin.
As reported by U.Today, MicroStrategy bought $177 million worth of Bitcoin in August.
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Bitcoin is currently trading at close to the $45,000 level on major spot exchanges.
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Vladislav Sopov