December 7, 2020 MicroStrategy increases BTC holdings by $50M

SEC filings submitted on Friday show that business intelligence software provider MicroStrategy has increased its Bitcoin holdings by 2,574 BTC, worth around $50M. This is the third BTC purchase the firm has made this year, bringing the firm’s total purchases to around $475M. In August, MicroStrategy announced it would adopt BTC as its primary reserve currency.