MicroStrategy Puts $150M in Bitcoin, Brings Total Reserves to 138,955 BTC
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The largest public bitcoin (EXANTE: Bitcoin) investor MicroStrategy has increased its holdings in the cryptocurrency, acquiring an additional 6,455 BTC for $150 million.

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MicroStrategy Founder, Michael Saylor, said in a tweet the Tysons-headquartered company bought the crypto at an average price of $23,238. With the latest purchase, the company is now holding 138,955 BTC.

Michael Saylor: MicroStrategy Will Continue to Hold Bitcoin Despite Poor Market Conditions

In late September last year, MicroStrategy started developing a new Software-as-a-Service platform on Bitcoin's Lightning Network. Although details are yet to be revealed, the company was seeking a software engineer to build a Lightning Network-based platform for eCommerce use-cases.

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