MicroStrategy has purchased an additional 6,555 bitcoins for approximately $150 million. This latest purchase brings the total amount of bitcoin held by the publicly-traded company to over 120,000, making it one of the largest holders of the cryptocurrency in the world.

MicroStrategy's CEO, Michael Saylor, has been a vocal proponent of bitcoin and has described it as a "digital gold" that can serve as a hedge against inflation and currency devaluation. MicroStrategy has been steadily accumulating bitcoin over the past few years, with its first purchase of 21,454 bitcoins in August 2020.

MicroStrategy's latest purchase comes at a time when the price of bitcoin has been relatively stable, hovering around the $23,000 to $25,000 range for the past few months. However, the article notes that some analysts believe that the price of bitcoin could rise in the coming months due to increased institutional adoption and growing demand from retail investors.

(by Zoltan Vardai)