The business intelligence firm has added 301 coins to its stash, underscoring its commitment to the largest cryptocurrency
Business intelligence firm MicroStrategy has acquired another $6 million worth of Bitcoin for $19,851 per coin, according to a regulatory filing published earlier this Tuesday.
The Tysons, Virginia-headquartered firm now and its subsidiary own a total of 130,000 bitcoins that were acquired for about $3.89 billion.
The company is down roughly $1.5 billion on its extremely audacious Bitcoin bet that is now widely viewed as a failure.
However, despite sitting on humongous losses, the company is not backing away from its strategy, with its former CEO Michael Saylor remaining an ardent proponent of the largest cryptocurrency.
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Bitcoin is currently trading at $19,170 on the Bitstamp exchange, adding roughly 2.44% over the past 24 hours.
