Billionaire MicroStrategy bought another 593 million USD in Bitcoin - BTC immediately adjusted
With the new Bitcoin (BTC) added to its portfolio, MicroStrategy now owns 174,530 BTC at an average price of $30,252.
According to a notice posted on the evening of November 30, 2023, billionaire Michael Saylor's MicroStrategy company made a Bitcoin purchase worth up to half a billion dollars.
Specifically, MicroStrategy spent $593.3 million to buy an additional 16,130 BTC at an average price of $36,785.
Thus, MicroStrategy has increased the total amount of Bitcoin held to 174,530 BTC with an average purchase price of about 30,252 USD/BTC, equivalent to a cost of 5.28 billion USD.
With the latest Bitcoin purchase, the value of the company's investment portfolio has surged to $5.99 billion - bringing MicroStrategy a profit of more than $1.2 billion, which means a profit of 26.5%. .
Looking back at history, when the cryptocurrency market bottomed in December 2022, MicroStrategy lost up to 45% of its Bitcoin investment. However, the company remains steadfast in not selling, and even continues to buy more in 2023 in March (150 million USD), April (29.3 million USD), June (347 million USD), July ($14.4 million), September ($147 million) and November ($5.3 million).
In contrast to Bitcoin's positive reaction in the most recent purchase, BTC price showed negativity when it decreased slightly from 37,966 USD to 37,500 USD, equivalent to an adjustment of about 1% of its value.
