MicroStrategy Buys $1.026 Billion Of Bitcoin

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Business intelligence firm MicroStrategy has invested $250 million dollars into bitcoin, accumulating about 0.1 percent of the total supply.

After raising more than $1 billion dollars to buy bitcoin last Friday, MicroStrategy announced today that it has completed a purchase of approximately 19,452 BTC, purchased for an aggregate price of $52,765 per bitcoin. CEO Michael Saylor announced the monumental purchase via Twitter.