Bitcoin : MicroStrategy strengthens its position in bitcoin

Michael Saylor, the founder of MicroStrategy, a software company, said today his company acquired an additional 16,796 bitcoin in a single purchase.

MicroStrategy had already announced on August 11 that it had bought 21,454 bitcoins for a total amount of $ 250 million to counter the weakening dollar. With today’s acquisition the company now owns 38,250 bitcoins.

In a document addressed to the Securities and Exchange Commission, the board of directors announced on September 11 its intention to use bitcoin as its main cash reserve.

Source: coindesk.com

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