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 <p>MicroStrategy has continued its accumulation of the most prominent digital asset; the firm announced it has purchased an additional 16,130 Bitcoins (BTC). Moreover, the latest purchase is worth a remarkable $593.3 million. The latest addition builds on the firm’s $1.29 billion in profit from their Bitcoin holdings.</p>
 <p>Indeed, founder Michael Saylor has long held the belief in the long-term potential of the digital asset. Thus far, that belief has massively paid off. Just this week, the firm’s stock price reached a two-year high, catapulted by those Bitcoin holdings that have been accumulating since 2020.</p>
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    <p lang="en" dir="ltr">JUST IN: MicroStrategy purchases an additional 16,130 #Bitcoin ($593.3 million).</p>
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    </div> — Watcher.Guru (@WatcherGuru) November 30, 2023
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 <p><strong>Also Read: Bitcoin: Microstrategy Stock Reaches 2-year High After BTC Surge</strong></p>
 <h2 class="wp-block-heading" id="h-michael-saylor-s-microstrategy-acquires-additonal-593-3-million-in-bitcoin">Michael Saylor’s MicroStrategy Acquires Additonal $593.3 Million in Bitcoin</h2>
 <p>Since the digital asset industry first began, Bitcoin has sat atop the growing list of tokens emerging on the market. In 2023, that has not shown any signs of changing. Moreover, it appears as though the asset is primed for an even greater surge in the coming year.&nbsp;</p>
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 <p>However, belief in that asset was not always as clear as it is today, having long been considered a risk. Perhaps no individual has capitalized more on that than Michale Saylor. Subsequently, his company, MicroStrategy, has officially surpassed $1 billion in profit on the holdings, while they have just added another 16,130 <a rel="noopener noreferrer nofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a>s to that accumulation.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="683" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Michael Saylor Assures That He Will HODL Bitcoin Through Adversity" class="wp-image-39150 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp.webp 768w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp.webp 380w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp.webp 550w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp.webp 800w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp.webp 1200w" data-srcset-img="https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 1024w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 768w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 380w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 550w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 800w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 1160w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 1200w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp" alt="Michael Saylor Assures That He Will HODL Bitcoin Through Adversity" class="wp-image-39150" srcset="https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 1024w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 768w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 380w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 550w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 800w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 1160w, https://cdn.thebittimes.com/images/2023/11/30/c8de1b0a0666218ea53ba5541a486d3c.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p><strong>Also Read: Michael Saylor’s MicroStrategy Bitcoin sits at $1 Billion Profit</strong></p>
 <p>Specifically, the latest acquisition provides the company with another $593.3 million worth of <a rel="noopener noreferrer nofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> for its rather large holdings. Altogether, the firm has accumulated a total of 174,530 <a rel="noopener noreferrer nofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a>s at $30,252 per BTC, according to Saylor himself.&nbsp;</p>
 <p>Its Bitcoin acquisition has led to surging stock prices, reaching $500 this month. Moreover, the price is as high as the company has observed since 2021. The company’s Bitcoin stance is undoubtedly helping propel its value, as its market cap is currently more than $7 billion.&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/microstrategy-purchases-additional-16-130-bitcoin-btc-tbt72206.html">https://thebittimes.com/microstrategy-purchases-additional-16-130-bitcoin-btc-tbt72206.html</a></p>

MicroStrategy Purchases Additional 16,130 Bitcoin (BTC)

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TheBitTimes

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