Home MicroStrategy Buys 16,000 BTC Worth $600 mn

MicroStrategy Buys 16,000 BTC Worth $600 mn

Share
Share

MicroStrategy Buys 16,000 BTC Worth $600 mn

MicroStrategy, a NASDAQ-listed business intelligence software company, has made a significant BTC purchase worth nearly $600 million. The company’s former CEO and founder, Michael Saylor, stated that the company had previously spent $593.3 million on 16,130 BTC more for an average price of $36,785 per Bitcoin.

This marks the company’s second BTC purchase for November, following a previous purchase of 155 BTC for $5.3 million. The total stash at MicroStrategy is now at 174,530 BTC, with a total purchase cost of just under $5.3 billion. This means that MicroStrategy has a massive unrealized profit of over $1.2 billion, given BTC’s current price of $37,750. The company’s stock price has been bullish since January 1, reaching a high not seen in over a year at above $520.

(With inputs from Shikha Singh)

Share

Latest News

News

Grayscale Registers ‘BNB Trust LLC’ in Delaware, Eyeing Possible U.S. BNB ETF Approval

“When billions flow and rules align, crypto ETFs cross the line from niche to prime.” How did crypto ETFs grow to hold...

News
Riot Platforms Sells $161M In Bitcoin As Focus Shifts Toward AI Infrastructure | 3verseTV

Riot Platforms Sells $161M In Bitcoin As Focus Shifts Toward AI Infrastructure

Riot Platforms sold 1,818 Bitcoin in December for $161.6 million at an average net price of $88,870, reflecting a broader strategic shift...

News
RAKBank Secures Initial Approval To Issue Dirham-backed Stablecoin | 3verseTV

RAKBank Secures Initial Approval To Issue Dirham-backed Stablecoin

RAKBank is preparing to enter the UAE’s growing stablecoin ecosystem after receiving in-principle approval from the Central Bank of the United Arab...

News
JPMorgan Brings JPM Coin To Privacy-focused Canton Network | 3verseTV

JPMorgan Brings JPM Coin To Privacy-focused Canton Network

JPMorgan is taking another step toward real-time institutional settlement by issuing its JPM Coin directly on the Canton Network, a privacy-focused public...

Latest Blogs

Bitcoin Price Prediction 2025, 2026-2030: Can BTC Rally to $200K?

Will Bitcoin Reach $200k in the Future? Expert Bitcoin Price Predictions for 2025 and beyond The future direction of Bitcoin from 2025...

AI-Powered Crypto Trading Bots: The Hype, The Reality, & What Every Trader Must Know

Artificial Intelligence is transforming industries, and crypto trading is one of those affected by automation. AI-powered crypto trading bots promise emotionless execution...

Daily Trends in Web3, Crypto, AI & Blockchain

Introduction: Daily Trends in Web3 and Blockchain Technologies Web3 and blockchain technology enable users to control their data through digital standards which...

Meet the Bitcoin Founders: The Real People Behind the World’s First Cryptocurrency

Mystery of Bitcoin’s Founders The Bitcoin creator mystery has persisted for more than fifteen years because it combines technological elements with economic...

Related Articles

Bitcoin Price Prediction 2025, 2026-2030: Can BTC Rally to $200K?

Will Bitcoin Reach $200k in the Future? Expert Bitcoin Price Predictions for...

AI-Powered Crypto Trading Bots: The Hype, The Reality, & What Every Trader Must Know

Artificial Intelligence is transforming industries, and crypto trading is one of those...

Daily Trends in Web3, Crypto, AI & Blockchain

Introduction: Daily Trends in Web3 and Blockchain Technologies Web3 and blockchain technology...

Meet the Bitcoin Founders: The Real People Behind the World’s First Cryptocurrency

Mystery of Bitcoin’s Founders The Bitcoin creator mystery has persisted for more...