Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021.
Egdar Su | Reuters
MicroStrategy said Monday it owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens.
Shares of the Virginia-based enterprise software company were down more than 6% in premarket trading, mirroring a similarly sized slide in the price of bitcoin Monday morning. The cryptocurrency was down over 8% to around $32,200 per token as reports surfaced that China was ratcheting up its crackdown on bitcoin mining.
MicroStrategy said the average purchase price of its 105,085 bitcoin trove is $26,080 apiece,…