MicroStrategy buys $250M in Bitcoin as CEO says it's superior to cash

Business intelligence software firm MicroStrategy Inc. (NASDAQ: MSTR) has taken $250 million from its cash stockpile and purchased 21,454 Bitcoins, the company said Tuesday. The purchase price, including all fees, works out to about 11,652.80 per Bitcoin. The market price of Bitcoin late Tuesday morning was about $11,540, according to CoinMarketCap, The move came after the Tysons firm's CEO and founder, Michael Saylor, announced his intention to explore purchasing Bitcoin, gold or other alternative…