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Fortune

Marco Quiroz-Gutierrez

Michael Saylor’s MicroStrategy buys $29.3 million in Bitcoin with price near $28,000

Michael Saylor Bitcoin MicroStrategy Cryptocurrency Crypto

The business software company founded by Bitcoin devotee Michael Saylor disclosed in a Wednesday filing with the Securities and Exchange Commission that it had purchased 1,045 Bitcoin for about $29.3 million in cash—an average price of around $28,016.

MicroStrategy's recent purchase puts the company’s total Bitcoin holdings at about 140,000, worth about $4 billion and bought at an average price of $29,803, according to a Wednesday tweet by Saylor.

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