{"id":203968,"date":"2023-12-01T02:06:39","date_gmt":"2023-11-30T20:36:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=203968"},"modified":"2023-12-01T02:06:39","modified_gmt":"2023-11-30T20:36:39","slug":"bitcoin-for-christmas-microstrategy-buys-another-600m-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-for-christmas-microstrategy-buys-another-600m-crypto-news\/","title":{"rendered":"Bitcoin for Christmas: MicroStrategy buys another $600M &#8211; Crypto News"},"content":{"rendered":"<div data-v-8081b7b6=\"\">\n<p>Business intelligence firm MicroStrategy purchased 16,130 Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) in November, bringing its total holdings to more than $6 billion.<\/p>\n<p>In a Nov. 30 announcement, MicroStrategy co-founder Michael Saylor <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/saylor\/status\/1730222828270612851\">said<\/a> the company acquired the BTC for roughly $593.3 million \u2014 a price of $36,785 per Bitcoin. As of Nov. 29, MicroStrategy <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.microstrategy.com\/en\/investor-relations\/financial-documents\/microstrategy-acquires-additional-16130-bitcoins-and-now-holds-174530-btc_11-30-2023\">reported<\/a> it held 174,530 BTC \u2014 worth roughly $6.6 billion at the time of publication \u2014 at a price of $37,726.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a>.  As of 11\/29\/23, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MicroStrategy?ref_src=twsrc%5Etfw\">@MicroStrategy<\/a> now hodls 174,530 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/3XHhpIvsuA\">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\">November 30, 2023<\/a><\/p><\/blockquote>\n<p>The business intelligence firm has consistently purchased large volumes of Bitcoin since announcing it would adopt the cryptocurrency as its treasury reserve asset in August 2020. Saylor\u2019s last announcement was in September, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/microstrategy-buys-5-4k-bitcoin-for-147million\">reporting MicroStrategy bought 5,445 BTC<\/a> for roughly $147 million.<\/p>\n<p><strong><em>Related: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/micro-strategy-bitcoin-holdings-profit-btc-price-30k\"><strong><em>MicroStrategy\u2019s Bitcoin stash back in profit with BTC price above $30K<\/em><\/strong><\/a><\/p>\n<p>MicroStrategy\u2019s Bitcoin purchase announcement followed as the cryptocurrency price\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-best-november-since-2020-pce-btc\">rose roughly 10% in November<\/a>. The firm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/microstrategy-bitcoin-play-up-nearly-a-billion-amid-btc-price-surge\">reported a gain<\/a> of $900 million for its Bitcoin holdings in the third quarter of 2023, with CEO Phong Le hinting at the time that the company would continue to make consistent purchases.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/magazine\/bitcoin-ogs-experts-how-to-protect-your-crypto\/\"><strong><em>How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Business intelligence firm MicroStrategy purchased 16,130 Bitcoin (BTC) in November, bringing its total holdings to more than $6 billion. In a Nov. 30 announcement, MicroStrategy co-founder Michael Saylor said the company acquired the BTC for roughly $593.3 million \u2014 a price of $36,785 per Bitcoin. As of Nov. 29, MicroStrategy reported it held 174,530 BTC [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":203969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-203968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203968","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=203968"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203968\/revisions"}],"predecessor-version":[{"id":203971,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203968\/revisions\/203971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/203969"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=203968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=203968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=203968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}