Time

<ul class="news-points"> 
 <li><strong>MicroStrategy increased its Bitcoin holdings to around $6.5 billion.</strong></li> 
 <li><strong>BTC’s price increased beyond $38,000, contrary to market expectations.</strong></li> 
 <li><strong>The coin value can hit $38,500 if the buying momentum continues.</strong></li> 
</ul> 
<p>Software company MicroStrategy has purchased another round of <a href="https://coinedition.com/new-data-bitcoin-30-day-volatility-trends-lower-than-nasdaq-sp-500/">Bitcoin (BTC)</a> valued at around $600 million, according to its chairman, Michael Saylor. Saylor made this known in a post on X (formerly Twitter) on November 30.</p> 
<h2 class="wp-block-heading" id="h-another-btc-purchase-for-saylor">Another BTC purchase for Saylor</h2> 
<p>According to Saylor, MicroStrategy purchased 16,130 BTC between November 1 and 29 at an average price of $36,785. He also noted that the recent procurement means the firm now holds about $6.50 billion worth of Bitcoin.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#bitcoin</a>. As of 11/29/23, <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@MicroStrategy</a> now hodls 174,530 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$MSTR</a> <a href="https://t.co/hSEZyzGBsr" target="_blank" rel="nofollow">https://t.co/hSEZyzGBsr</a></p>— Michael Saylor
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1730226879125160426?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 30, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>MicroStrategy embraced the Bitcoin strategy in 2020, <a href="https://buybitcoinworldwide.com/microstrategy-statistics/" target="_blank" rel="nofollow">starting</a> with a 21,454 BTC purchase in the same year. The firm has also come under intense criticism as its port…</p>
<p>The post <a href="https://coinedition.com/microstrategy-makes-huge-bitcoin-btc-buy-is-it-time-to-sell/">MicroStrategy Makes Huge Bitcoin (BTC) Buy: Is It Time to Sell?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

MicroStrategy Makes Huge Bitcoin (BTC) Buy: Is It Time to Sell?

Table of Contents

Coin Edition

Other articles published on Dec 1, 2023

These Altcoins Surge as Bitcoin Price Hovers Around $38,000 – Is This a Sign of a Bullish December?

Blast L2 seeks senior blockchain builders after pulling $600m in deposits

Dormant Bitcoin re-enters circulation as sleeping giants stir

XRP army rallies as Binance temporarily freezes XRPL network access

MOON Surge As Reddit Renounces Token Contract, Burns 98,000 Tokens

GMX Price Forecast: How Much Will GMX Be Worth In 2028?

Join our free newsletter for daily crypto updates!