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Bitcoin News

MicroStrategy Purchases Another 16,130 Bitcoins Worth $593.3M

Written By:
Jahnu Jagtap

Last updated: November 30, 2023 3:15 PM
Published November 30, 2023 3:15 PM
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Last updated: November 30, 2023 3:15 PM
Published November 30, 2023 3:15 PM
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 - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
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Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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