Bitcoin Backer MicroStrategy Pours $25 Million More Into Cryptocurrency

INSUBCONTINENT EXCLUSIVE:
Bitcoin is currently trading just over $36,000.MicroStrategy, a US-based business-intelligence software company, has bought additional
MicroStrategy is reportedly the biggest corporate investor of the world's largest cryptocurrency by market value
The company now holds a total of more than 1,25,000 Bitcoins
The fresh acquisition has been made at a time when the crypto market is on a downward trajectory and Bitcoin, in particular, has lost more
purchased an additional 660 Bitcoins for $25 million in cash at an average price of $37,865 per Bitcoin
statement that the fresh batch of Bitcoins was purchased between December 30 and January 31.CoinGecko, a cryptocurrency data platform, said
that MicroStrategy was the largest corporate backer of Bitcoin
It is distantly followed by Tesla, which holds only 48,000 Bitcoins.MicroStrategy CEO Saylor, 56, is a known proponent of Bitcoin
rising