Back to News

MicroStrategy Purchases Another $600M Worth Of Bitcoins In November

Twitter icon  •  Published il y a 4 mois  •  Hassan Maishera

MicroStrategy increased its Bitcoin holdings by more than 10% in November after purchasing 16,130 Bitcoins over the last 30 days.

TL;DR

  • MicroStrategy has purchased 16,130 BTC, increasing its position in the world’s leading cryptocurrency. 

  • The company now holds 174,530 BTC bought at an average of about $30,252 per coin.

MicroStrategy Purchases Over 16,000 Bitcoins

Microstrategy (MSTR), the largest corporate holder of bitcoin (BTC), has purchased more bitcoins. The company increased its BTC holdings in November, buying some 16,130 BTC, worth over $600 million at current prices.

The Michael Saylor-founded software developer revealed this latest development in a regulatory filing on Thursday. According to the filing, MicroStrategy bought the bitcoin for around $593.3 million in cash at an average price of about $36,785 per coin.

Thanks to this latest development, MicroStrategy now holds 174,530 BTC bought at an average of about $30,252 per coin.

MicroStrategy has been increasing its Bitcoin position in recent months. As of end-October, MicroStrategy held 158,400 BTC, after purchasing 6,607 BTC during the third quarter of the year. The 16,130 bitcoins purchased in November meant that MicroStrategy increased its BTC holdings by over 10% last month.

Bitcoin, the world’s leading cryptocurrency by market cap continues to trade above the $38k level. It is down by less than 1% in the last 24 hours and now stands at $38,105 per coin. MSTR shares fell 1.7% to $498.30 on Thursday.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.