Microstrategy Purchases 7,420 Bitcoins, Firm Now Holds 252,220 BTC

Microstrategy, led by Michael Saylor, just completed a $1 billion private offering before acquiring 7,420 bitcoins for about $458.2 million at an average price of $61,750 per coin. The company now holds 252,220 bitcoins, purchased for about $9.9 billion at an average price of $39,266 per coin. Bitcoin’s return to date is 17.8 percent, (…)