Business intelligence firm MicroStrategy has announced a $1.54 billion Bitcoin purchase, extending its weekly streak.
The company paid the average price of $100,386 for its newly acquired coins. This is the first time that it has climbed into six-figure territory.
The company now holds a total of 439,000 BTC that were purchased for $27.1 billion at an average price of $61,725.
As reported by U.Today, the Virginia-based business intelligence firm previously announced a $2.1 billion purchase on Dec. 9. The company is now significantly ahead of its capital-raising target that was announced in October.
MicroStrategy (MSTR) shares are up by more than 3.5% in pre-market trading after the company was included in the tech-heavy Nasdaq-100 index on Friday.
Meanwhile, Bitcoin recently reached a new record high of $106,352, according to CoinGecko data.
Source: https://u.today/microstrategy-announces-enormous-bitcoin-purchase-following-nasdaq-100-inclusion