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MicroStrategy owns over $3 billion worth of bitcoin after new purchase

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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,…



Source cnbc.com

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Bitcoin (BTC) price drops on China crypto mining crackdown

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