MicroStrategy, a business intelligence firm, has purchased an additional 1,070 Bitcoin (BTC) for a total of $101 million. The purchase, announced by the company's founder Michael Saylor on Twitter, brings MicroStrategy's total Bitcoin holdings to 447,470 BTC, worth approximately $2.797 billion at the time of purchase. This acquisition adds to MicroStrategy's position as the largest corporate holder of Bitcoin. The company has been a vocal advocate for the digital asset, viewing it as a solid store of value and a potential hedge against inflation. The latest purchase was made at an average price of $94,004 per coin, higher than the average cost of $62,503 per coin for MicroStrategy's previous Bitcoin acquisitions. Despite the higher average price, Saylor maintains his bullish stance on Bitcoin, stating that the company believes "Bitcoin is the most secure, open, and neutral financial network and the best way to preserve capital."

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