03 billion, swelling its holdings of the cryptocurrency and sending the company's shares 8 percent higher in premarket trading.
MicroStrategy, the world's largest publicly traded business intelligence company, spent last year steadily amassing bitcoin after making its first investment in August. Bitcoin's price has recently scaled record highs as major firms, such as BNY Mellon, asset manager BlackRock Inc and credit card giant Mastercard Inc, backed certain cryptocurrencies, with Tesla Inc investing $1.5 billion in bitcoin.
MicroStrategy owns close to 90,531 bitcoin, which were acquired at an aggregate purchase price of about $2.17 billion and an average purchase price of around $23,985 per bitcoin, it said on Wednesday.
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