Virginia-based business intelligence firm MicroStrategy has bought an additional 1,070 BTC for $101 million, according to a recent regulatoryfiling.
This is the ninth consecutive weekly purchase announced by Bitcoin's leading corporate holder.
MicroStrategy now won a staggering 447,470 BTC. The gargantuan Bitcoin fortune is currently valued at roughly $44.3 billion. This is more than the GDP of such countries as Nepal, El Salvador, and Cyrpus.
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The company's shares are currently up nearly 4% in pre-market trading.
This comes after Benchmark recentlyincreased its MSTR price target to $650.
Bitcoin is currently trading at $98,894 after coming close to reclaiming the much-coveted $100,000 level earlier today.
