Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

From technology to travel – there is a .hub for that

2025-05-21

Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

2025-05-21

Solana’s Bonk focuses on 77% corrective movement after withdrawing to 200 EMA

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»With MicroStrategy’s latest Bitcoin purchase, Saylor is leading the way
Bitcoin

With MicroStrategy’s latest Bitcoin purchase, Saylor is leading the way

2023-12-01No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Bitcoin’s price soared above $38,000 after the software company revealed details of its recent purchase.
  • BTC has the potential to bounce back in the short term, as evidenced by the MVRV ratio.

The aftermath of MicroStrategy’s recent Bitcoin [BTC] The purchase has bears wondering if times have changed. This is because the Bitcoin price did not fall as much as many expected. However, BTC jumped and was able to recover $38,000.

Led by executive chairman and Bitcoin maximalist Michael SaylorMicroStrategy confirmed it had purchased an additional 16,130 BTC. The company, in its communique noted on November 30 that it now owns a total of 174,530 BTC.

At press time, the value of the new purchase was approximately $611 million. This makes the recent purchase the most MicroStrategy has purchased in about two years.

Although the Business Intelligence (BI) company mentioned that these coins were purchased in November, it appears that the company’s once-criticized Bitcoin strategy is now seen as an impressive decision.

What’s better than one profitable bet? More?

MicroStrategy adopted the Bitcoin standard in August 2020. The first Bitcoin purchase at that time was 21,454 BTC. At the time this was worth about $250 million.

But after Bitcoin went into a tailspin in 2022, the company’s assets fell into a massive unrealized loss.

Many comments also seemed to tear Saylor to pieces for putting his company in such a tight spot.

However, this year has proven to be an important year for MicroStrategy. This is because Bitcoin’s recovery has left the company with billions of dollars in unrealized profits.

See also  Bitcoin Open interest rate drops to $ 37b - has these spell problems for BTC?

Not only did the price of Bitcoin positively impact MicroStrategy, MSTR stock has done the same. On a Year-To-Date (YTD) basis, BTC has done just that increased with 258.20%. On the other hand, the MSTR is also up 128.78%.

MicroStrategy MSTR and Bitcoin correlation

Source: PortfoliosLab

However, AMBCrypto’s analysis of both assets showed that MSTR was more volatile than BTC with 12.76% and 11.79% respectively. This means that the stock has seen greater price fluctuations than Bitcoin in recent times.

It is also important to note that Bitcoin and MSTR are still lower than their All-Time Highs (ATHs). While BTC is down 43.99% from its ATH, MSTR still has a whopping 60.16% to overtake its previous high.

Not every scenario is the same

A look at the Market Value to Realized Value (MVRV) ratio showed that participants may need to be cautious about buying Bitcoin for the short term. At the time of writing, the MVRV ratio was 1.79, as reported by Glassnode.

Bitcoin MVRV ratio

Source: Glassnode

This benchmark indicates whether a cryptocurrency has a real value or not. Values ​​below 1 mean that most holders are making a loss and are considered a buy signal. However, when the MVRV ratio is above 1, it implies profit for the holders.

But at the same time, caution is preached when accumulating for short-term gains, which was the case this time. Furthermore, the mentioned MVRV ratio may not be a valid sell signal given the current market conditions.


Is your portfolio green? Check the BTC profit calculator


One reason for this assumption is the optimism around a possible approval of a Bitcoin ETF. So, it is likely that the Bitcoin price will not fall in the coming days.

See also  Bitcoin jumps above $28,000 for the first time since August 2023

Many also believe that an approval would increase the value of BTC. If this were the case, MicroStrategy’s stake would be worth more than the $6.50 billion it was.

Source link

Bitcoin Latest Leading MicroStrategys Purchase Saylor
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

2025-05-21

The old coins of Bitcoin moves again

2025-05-21

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21

Top reasons why Bitcoin price today, May 21, came in new ATH

2025-05-21
Add A Comment

Comments are closed.

Top Posts

Dogecoin (DOGE) ready for big price increase

2023-11-26

Wayru and peaq join forces to expand WiFi access across Latin America

2024-02-07

Bitcoin’s ordinal entries soar above 55 million, reaching third highest daily record

2024-01-16
Editors Picks

io.net partners with ParallelAI to accelerate decentralized computing for generative AI

2024-10-20

Solana tries to embrace his ‘Ethereum killer’ label – How?

2023-12-21

Analyst predicts fresh crypto meetings led by Bitcoin, says BTC that looks strong and healthy

2025-04-30

Sui inches closer to $3.9 support under growing bearish influence

2025-01-25
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

From technology to travel – there is a .hub for that

Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

Solana’s Bonk focuses on 77% corrective movement after withdrawing to 200 EMA

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,832.893.76%
  • ethereumEthereum(ETH)$2,598.362.46%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.412.46%
  • binancecoinBNB(BNB)$682.024.78%
  • solanaSolana(SOL)$174.813.64%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2418565.98%
  • cardanoCardano(ADA)$0.784.77%
  • tronTRON(TRX)$0.2704870.31%
  • suiSui(SUI)$3.973.64%
  • chainlinkChainlink(LINK)$16.273.31%
  • hyperliquidHyperliquid(HYPE)$30.3915.47%
  • avalanche-2Avalanche(AVAX)$23.565.22%
  • stellarStellar(XLM)$0.2968483.60%
  • shiba-inuShiba Inu(SHIB)$0.0000153.75%
  • hedera-hashgraphHedera(HBAR)$0.1992222.61%
  • bitcoin-cashBitcoin Cash(BCH)$417.486.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.901.38%
  • the-open-networkToncoin(TON)$3.121.98%
  • polkadotPolkadot(DOT)$4.813.13%
  • litecoinLitecoin(LTC)$98.253.71%
  • moneroMonero(XMR)$394.3710.27%
  • bitget-tokenBitget Token(BGB)$5.302.44%
  • piPi(PI)$0.858.14%
  • pepePepe(PEPE)$0.0000144.95%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$461.1710.83%
  • uniswapUniswap(UNI)$6.375.89%
  • aaveAave(AAVE)$253.07-2.48%
  • nearNEAR Protocol(NEAR)$2.914.57%
  • aptosAptos(APT)$5.344.17%
  • okbOKB(OKB)$53.131.92%
  • ondo-financeOndo(ONDO)$0.995.55%
  • ethereum-classicEthereum Classic(ETC)$19.345.12%
  • kaspaKaspa(KAS)$0.1121222.27%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.502.08%
  • internet-computerInternet Computer(ICP)$5.433.56%
  • gatechain-tokenGateToken(GT)$21.962.34%
  • crypto-com-chainCronos(CRO)$0.0985832.22%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2475266.79%
  • vechainVeChain(VET)$0.0297164.70%
  • render-tokenRender(RENDER)$4.864.77%
  • mantleMantle(MNT)$0.740.04%
  • ethenaEthena(ENA)$0.4067568.11%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • arbitrumArbitrum(ARB)$0.4184515.92%
  • algorandAlgorand(ALGO)$0.2337014.57%
  • filecoinFilecoin(FIL)$2.995.20%
  • bitcoinBitcoin(BTC)$110,832.893.76%
  • ethereumEthereum(ETH)$2,598.362.46%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.412.46%
  • binancecoinBNB(BNB)$682.024.78%
  • solanaSolana(SOL)$174.813.64%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2418565.98%
  • cardanoCardano(ADA)$0.784.77%
  • tronTRON(TRX)$0.2704870.31%
  • suiSui(SUI)$3.973.64%
  • chainlinkChainlink(LINK)$16.273.31%
  • hyperliquidHyperliquid(HYPE)$30.3915.47%
  • avalanche-2Avalanche(AVAX)$23.565.22%
  • stellarStellar(XLM)$0.2968483.60%
  • shiba-inuShiba Inu(SHIB)$0.0000153.75%
  • hedera-hashgraphHedera(HBAR)$0.1992222.61%
  • bitcoin-cashBitcoin Cash(BCH)$417.486.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.901.38%
  • the-open-networkToncoin(TON)$3.121.98%
  • polkadotPolkadot(DOT)$4.813.13%
  • litecoinLitecoin(LTC)$98.253.71%
  • moneroMonero(XMR)$394.3710.27%
  • bitget-tokenBitget Token(BGB)$5.302.44%
  • piPi(PI)$0.858.14%
  • pepePepe(PEPE)$0.0000144.95%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$461.1710.83%
  • uniswapUniswap(UNI)$6.375.89%
  • aaveAave(AAVE)$253.07-2.48%
  • nearNEAR Protocol(NEAR)$2.914.57%
  • aptosAptos(APT)$5.344.17%
  • okbOKB(OKB)$53.131.92%
  • ondo-financeOndo(ONDO)$0.995.55%
  • ethereum-classicEthereum Classic(ETC)$19.345.12%
  • kaspaKaspa(KAS)$0.1121222.27%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.502.08%
  • internet-computerInternet Computer(ICP)$5.433.56%
  • gatechain-tokenGateToken(GT)$21.962.34%
  • crypto-com-chainCronos(CRO)$0.0985832.22%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2475266.79%
  • vechainVeChain(VET)$0.0297164.70%
  • render-tokenRender(RENDER)$4.864.77%
  • mantleMantle(MNT)$0.740.04%
  • ethenaEthena(ENA)$0.4067568.11%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • arbitrumArbitrum(ARB)$0.4184515.92%
  • algorandAlgorand(ALGO)$0.2337014.57%
  • filecoinFilecoin(FIL)$2.995.20%