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Software Company Spends $500 Million On Bitcoin

Ben Zeisloft
Software Company Spends $500 Million On Bitcoin
Via Getty Images

MicroStrategy — a business-to-business software company with a market cap of $6 billion — spent nearly half a billion dollars during its most recent Bitcoin purchasing spree.

The firm announced on Monday that it acquired 13,005 Bitcoins for an average price of $37,617 — a $489 million purchase. 

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