Microstrategy plans to buy another $ 1 billion BTC

Software giant Microstrategy has decided to buy more than $ 1 billion worth of digital currency, Bitcoin, to increase its total cryptocurrency holdings to $ 4.5 billion.

The company announced Wednesday that it had gained an additional 19,452 Bitcoin at an average price of $ 52,475. This brings the total holdings of the company to over 90 thousand BTC, which together were bought at an average price of $ 23,985 for Bitcoin.

This means that Microstrategy has doubled its investments. Bitcoin is currently trading at around $ 50,000 after falling from $ 58,000 on Sunday, however Microstrategy CEO Michael Saylor predicts the currency price will rise 10 times more in the coming years.