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Bitcoin News

MicroStrategy Purchases Another 16,130 Bitcoins Worth $593.3M

Written By Jahnu Jagtap Jahnu Jagtap
Published 2023-11-30
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Last updated: November 30, 2023 3:15 PM
Published 2023-11-30
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Last updated: November 30, 2023 3:15 PM
Published 2023-11-30
MicroStrategy Purchases Another 16,130 Bitcoins Worth $593.3M

Cloud software company Microstrategy,  is back on its bitcoin spree, acquiring 16,130 Bitcoins for 593.3 million at an average price of $36,785 per bitcoin in cash.

MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per #bitcoin. As of 11/29/23, @MicroStrategy now hodls 174,530 $BTC acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. $MSTR https://t.co/hSEZyzGBsr

— Michael Saylor (@saylor) November 30, 2023

As per the November 30, filling  the purchase of BTC happened during the period between November 1, 2023 and November 29, 2023.

With this MicroStrategy together with its subsidiaries now holds a total of 174,530 BTC with an average price of $30,252 per bitcoin in its treasury. The bitcoin-hoarding company owns about $5.28 billion worth of bitcoin.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Bitcoin (BTC)MicroStrategy
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Jahnu Jagtap
By Jahnu Jagtap
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Jahnu Jagtap is a Senior Crypto Research Analyst at The Crypto Times, based in Ahmedabad, India. He leads the publication's technical research desk, tracking daily market momentum, Ethereum network realized profits, institutional capital flows (such as ETF inputs and major fund performance), and SEC tokenization frameworks. All advanced on-chain analysis and macro-policy developments pass through his desk to guarantee empirical precision before publication. Jahnu holds professional certifications in Blockchain and Its Applications from SWAYAM MHRD and Cryptocurrency from Upskillist. His deep immersion in live blockchain data and quantitative market cycles has shaped his meticulous approach to technical verification and structural editing on multi-layered macro stories.

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