Satoshi

Bitcoin

April

<ul>
 <li>The corporation has grown its Bitcoin holdings to 174,530 BTC as of November 29.&nbsp;</li>
 <li>This follows MicroStrategy’s acquisition of 155 Bitcoin for $5.3 million around a month ago.</li>
</ul>
Michael Saylor, the chairman of <a href="https://thenewscrypto.com/microstrategy-announces-third-quarter-2023-financial-results/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a> has announced the purchase of a further 16,130 BTC for about $593.3 million, or $36,785 per Bitcoin.
According to the report, the corporation has grown its Bitcoin holdings to 174,530 BTC as of November 29. These holdings were bought for over $5.28 billion, or $30,252 per Bitcoin, on average. The company has once again shown its optimism over Bitcoin, further solidifying its position among other corporate BTC holders.
<h3 class="wp-block-heading" id="h-banking-heavy-on-bitcoin">Banking Heavy on Bitcoin</h3>
This follows MicroStrategy’s acquisition of 155 <a href="https://thenewscrypto.com/will-bitcoin-bulls-remain-restless-until-the-end-of-2024/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> for $5.3 million around a month ago and highlights the firm’s determination to pursue its Bitcoin plan. <a href="https://www.microstrategy.com/en/investor-relations/executive-team/phong-le" target="_blank" rel="noopener noreferrer nofollow">Phong Le</a>, CEO of MicroStrategy, has previously said that the company is intent on buying Bitcoin and holding it as it is an exclusive asset.
Le stressed that MicroStrategy’s Bitcoin stance is unaffected by the company’s net loss of $143.4 million, which was generated despite a 3% increase in quarterly sales to $129.5 million.
Michael Saylor is the mastermind behind MicroStrategy’s cryptocurrency strategy. He has long advocated for Bitcoin and its use as a hedge against inflation and store of value. The first time Saylor dabbled with Bitcoin was in August of 2020, when MicroStrategy bought its first BTC.
At the time of writing, Bitcoin is trading at $37,656, down 0.13% in the last 24 hours as per data from <a href="http://coinmarketcap" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>. Bitcoin has been witnessing strong bullish momentum amidst upcoming halving event in April next year.&nbsp;
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/charles-hoskinson-shares-theory-on-why-satoshi-nakamoto-chose-anonymity/" target="_blank" rel="noopener noreferrer nofollow">Charles Hoskinson Shares Theory on Why Satoshi Nakamoto Chose Anonymity</a>

Michael Saylor Led MicroStrategy Acquires $593.3M Worth of Bitcoins

Mục lục

TheNewsCrypto

Các bài viết khác được xuất bản trên 30 thg 11, 2023

Shiba Inu Alert: Why SHIB Community Needs to Pay Attention Now

300 Billion Shiba Inu (SHIB) Received by Anonymous Whales: Who Is It?

Bitcoin’s Rally Soars as Spot ETF Anticipation Grows with the Entry of New Market Players

SoFi Technologies Announces Termination Of Crypto Trading Services

Dogecoin-Funded DOGE-1 Moon Mission Gets Regulatory Approval

Propchain Gets Listed on Numerous Exchanges, Analyst Sees a Potential 5-10x for PROPC

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!