MicroStrategy Buys Additional 5,000 Bitcoins

Microstrategy has once again continued its Bitcoin (BTC) buying streak. The company has bought another 5,050 BTC, worth approximately $242.9 million.

Over $3 Billion in Bitcoin

With this latest investment, MicroStrategy now owns over $3 billion of the top cryptocurrency. This would also be the largest one-time cash purchase of the Fortune 500 companies to date. The company now has a total of 114,042 BTC on its balance sheet.

Additionally, the recent purchase of MicroStrategy shows that the rumors of a possible Bitcoin dump by the company are not true. According to a recent report, the company’s top executives unloaded a total of more than $120 million in $MSTR shares. This, in turn, fueled the fire over the company’s Bitcoin dump, although CEO Michael Saylor has reiterated that the company has no plans to sell anytime soon.