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Fortune

Marco Quiroz-Gutierrez

Michael Saylor’s MicroStrategy buys $347 million in Bitcoin following recent upswing

Michael Saylor Bitcoin MicroStrategy

MicroStrategy chairman Michael Saylor (Credit: Eva Marie Uzcategui—Bloomberg via Getty Images)

After a strong month for the world’s most popular cryptocurrency, MicroStrategy is adding to its longstanding Bitcoin bet.

The company, led by cofounder and chairman Michael Saylor, said in a filing with the Securities and Exchange Commission on Wednesday that it had bought 12,333 coins for about $347 million between the end of April and Tuesday.

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