Michael Saylor is the CEO of MicroStrategy.
Joe Raedle is a photographer.
MicroStrategy bought the dip.
The company said it bought 1,434 bitcoins for about $82 million. The average price was over $60,000, for a total of over $82 million. On December 4, the price of the virtual currency plunged more than 20%. The prices are still far off of their recent highs, but have risen since.
The company said it now holds a total of 122,478 bitcoins, purchased at an average price of $29,861 per bitcoins. MicroStrategy's investment is worth about $6 billion at the current price.
During the dot-com bubble, CEO Michael Saylor lost $6 billion in a single day, but has since emerged as a leader in the digital asset space.
Saylor said that they will continue to evaluate opportunities to raise additional capital.
Business Insider has an original article.
