{"id":87727,"date":"2023-11-30T18:32:30","date_gmt":"2023-11-30T16:32:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87727"},"modified":"2025-09-13T13:39:07","modified_gmt":"2025-09-13T10:39:07","slug":"microstrategy-buys-more-bitcoin-for-593-3-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-buys-more-bitcoin-for-593-3-million\/","title":{"rendered":"MicroStrategy buys more Bitcoin for $593.3 million"},"content":{"rendered":"<p>MicroStrategy reported purchasing an additional 16,130 BTC for about $593.3 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a>. As of 11\/29\/23, <a href=\"https:\/\/twitter.com\/MicroStrategy?ref_src=twsrc%5Etfw\">@MicroStrategy<\/a> now hodls 174,530 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/t.co\/hSEZyzGBsr\">https:\/\/t.co\/hSEZyzGBsr<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1730226879125160426?ref_src=twsrc%5Etfw\">November 30, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The analytics software provider bought the cryptocurrency during the period from November 1 to 29 at an average price of $36,785.<\/p>\n<p>As of the end of the month, reserves held by MicroStrategy and its subsidiaries totalled 174,530 BTC, having been spent about $5.28 billion.<\/p>\n<p>According to BitcoinTreasuries, at the time of writing the firm&#8217;s potential profit in the cryptocurrency exceeds $1.3 billion. The MicroStrategy bitcoins account for 90% of its market capitalisation.<\/p>\n<p>In October the company <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-increases-bitcoin-reserves-to-158400-btc\">acquired only 155 BTC<\/a>, but for the third quarter the aggregate figure reached 6,067 BTC. Chief Financial Officer Andrew Kang then confirmed that MicroStrategy would continue accumulating bitcoins for long-term holding.<\/p>\n<p>Founder Michael Saylor, for his part, noted that since the <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">decision adopted on August 10, 2020<\/a> to invest in the first cryptocurrency, MicroStrategy&#8217;s shares have risen by 242%. The price of digital gold over the same period has risen by 192%.<\/p>\n<p>Earlier, Hal Press, founder of North Rock Digital, <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-microstrategy-will-have-to-sell-every-bitcoin\">criticised<\/a> the firm&#8217;s bitcoin-buying strategy. In his view, MicroStrategy will eventually have to sell \u201cevery coin.\u201d<\/p>\n<p>In July the company <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-parts-ways-with-one-of-its-top-executives\">left<\/a> the chief revenue officer Kevin Adkisson, after nearly seven years with the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy reported purchasing an additional 16,130 BTC for about $593.3 million.<\/p>\n","protected":false},"author":1,"featured_media":87728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1207],"class_list":["post-87727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87727"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87727\/revisions"}],"predecessor-version":[{"id":87729,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87727\/revisions\/87729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87728"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}