Michael Saylor is the CEO of MicroStrategy.
Joe Raedle is a photographer.
MicroStrategy said it loaded up on more bitcoin in December, as the price of the virtual currency fell.
Michael Saylor, the CEO of the company he co-founded, said on his verified account that the company bought 1,194 bitcoins for $94.2 million in cash and an average price of $48,229 each.
He used the term "hold on for dear life" to describe the term "hodl 124,391 bitcoins."
He said the company acquired the virtual currency for about $3.75 billion. MicroStrategy has made more than $2 billion from its investment, which is worth more than $5 billion as of Thursday.
MicroStrategy bought more bitcoins between December 9 and December 29 according to the company's filing. During that time, the price of the digital currency fell from over $50,000 to around $45,580 before recovering some ground.
The world's most- traded currency is on track for its worst monthly performance since May, when it suffered a massive selloff.
Saylor has said that MicroStrategy will add more and more of the virtual currency. The company said it bought over a thousand dollars of the virtual currency between November 29 and December 8.
Business Insider has an original article.
