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By Reuters Staff 2 Min Read FILE PHOTO: Representation of the bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration (Reuters) - Major bitcoin corporate backer MicroStrategy Inc said on Wednesday it bought another 19,452 bitcoin, worth around $1.03 billion, swelling its holdings of the cryptocurrency and sending the company’s shares 8% higher in premarket trading. The company, whose Chief Executive Officer Michael Saylor is one of the most vocal proponents of bitcoin, bought the cryptocurrency in cash a...

Major bitcoin corporate backer MicroStrategy Inc said on Wednesday that it bought another 19,452 bitcoin, worth around $1.03bn, swelling its holdings of the cryptocurrency and sending the company’s shares eight percent higher in premarket trading. The company, whose Chief Executive Officer Michael Saylor is one of the most vocal proponents of bitcoin, bought the cryptocurrency in cash at an average price of about $52,765 each. MicroStrategy, the world’s largest publicly traded business intelligence company, spent last year steadily amassing bitcoin after making its first investment in ...

MicroStrategy earlier this month engaged in an almost $1-billion convertible note offering with the proceeds used for buying bitcoin