{"id":203747,"date":"2023-11-30T19:51:32","date_gmt":"2023-11-30T14:21:32","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=203747"},"modified":"2023-11-30T19:51:32","modified_gmt":"2023-11-30T14:21:32","slug":"microstrategy-spends-another-600m-to-purchase-over-16000-btc-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/microstrategy-spends-another-600m-to-purchase-over-16000-btc-crypto-news\/","title":{"rendered":"MicroStrategy Spends Another $600M to Purchase Over 16,000 BTC &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>MicroStrategy, the NASDAQ-listed business intelligence software giant that made waves over three years ago with its pro-Bitcoin strategy, has gone on another buying spree.<\/p>\n<p>The firm\u2019s former CEO and founder \u2013 Michael Saylor \u2013 outlined the latest BTC purchase, which was worth nearly $600 million.<\/p>\n<ul>\n<li>Saylor asserted that the company he founded over three decades ago had spent $593.3 million to buy 16,130 BTC more for an average price of $36,785 per Bitcoin.<\/li>\n<li>This has become MicroStrategy\u2019s second BTC purchase for November. As <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/microstrategys-october-bitcoin-purchase-grew-stash-to-158400-btc\/\" data-wpel-link=\"internal\">reported<\/a> before, the firm bought 155 BTC for $5.3 million at the start of the month.<\/li>\n<li>The latest acquisition puts the company\u2019s total stash at 174,530 BTC. It spent just under $5.3 billion to purchase the amount.<\/li>\n<li>This means that MicroStrategy sits on a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/bitcoin-bet-gone-right-microstrategy-with-over-1-billion-of-unrealized-btc-profits\/\" data-wpel-link=\"internal\">massive unrealized profit<\/a> of over $1.2 billion, given BTC\u2019s current price of $37,750.<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">#bitcoin<\/a>. As of 11\/29\/23, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MicroStrategy?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">@MicroStrategy<\/a> now hodls 174,530 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$BTC<\/a> acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$MSTR<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/3XHhpIvsuA\" data-wpel-link=\"external\">https:\/\/t.co\/3XHhpIvsuA<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/saylor\/status\/1730222828270612851?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">November 30, 2023<\/a><\/p>\n<\/blockquote>\n<ul>\n<li><em>CryptoPotato<\/em> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/not-just-bitcoin-microstrategy-mstr-and-coinbase-coin-soar-to-highest-prices-since-2022\/\" data-wpel-link=\"internal\">reported<\/a> over the weekend the bullish developments with MicroStrategy\u2019s stock price movements this year. Being so connected to BTC and given the cryptocurrency\u2019s yearly surge, the company\u2019s shares have been on a roll since January 1.<\/li>\n<li>MSTR reached a high not seen in over a year at above $520 after a 250% surge in 2023. Before the opening bells on Thursday, MSTR\u2019s price had retraced slightly but still stands above $500.<\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy, the NASDAQ-listed business intelligence software giant that made waves over three years ago with its pro-Bitcoin strategy, has gone on another buying spree. The firm\u2019s former CEO and founder \u2013 Michael Saylor \u2013 outlined the latest BTC purchase, which was worth nearly $600 million. Saylor asserted that the company he founded over three decades [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":17322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-203747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=203747"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203747\/revisions"}],"predecessor-version":[{"id":203753,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203747\/revisions\/203753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/17322"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=203747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=203747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=203747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}