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- 🌙 MicroStrategy Bought $600M of BTC in Nov
🌙 MicroStrategy Bought $600M of BTC in Nov
The Michael Saylor-founded software developer bought the Bitcoin for around $593.3 million in cash at an average price of about $36,785 apiece.
Mike Gavela
November 30, 2023
Crypto Roundup - Nov 30
Microstrategy accelerated its Bitcoin investment strategy in November, purchasing 16,130 BTC for approximately $608 million, increasing its holdings by over 10%. Circle, the issuer of USDC, strongly denied allegations of illicit financing and connections with Justin Sun, emphasizing its legal compliance. SEC Commissioner Hester Peirce expressed concerns about the agency's unclear endgame in cryptocurrency regulation, criticizing its increasing litigation-focused approach. These developments reflect the dynamic interplay of aggressive corporate investment, stringent regulatory scrutiny, and ethical controversies in the cryptocurrency sector.
Top Stories:
Microstrategy Buys Over $600M in Bitcoin: Microstrategy's significant Bitcoin purchase in November, increasing its holdings by more than 10%, demonstrates the firm's continued bullish stance on cryptocurrency​​​​.
Circle Denies Illicit Financing Claims: Circle has vehemently denied accusations of illicit financing and ties to Tron founder Justin Sun, emphasizing its compliance with legal and ethical standards​​​​.
SEC Commissioner Questions Agency's Crypto Strategy: SEC Commissioner Hester Peirce expressed uncertainty about the SEC's cryptocurrency enforcement strategy, criticizing its litigation-focused approach and advocating for adherence to its congressional mandate​​​​​​.
TOGETHER WITH
THE PHENOM UPDATE
TOP STORIES
FUNDRAISES
We're in the spotlight on @CoinDesk!
After raising $10 million in Series B funding, there's a lot to discover about us, like our expanded API-based yield service for BTC, ETH, and stablecoins.From our strategies to how we're shaping the asset space:
— Coinchange (@coinchangeio)
11:42 AM • Nov 29, 2023
OTHER HEADLINES
CRYPTO TWITTER (X)
We're thrilled to announce that our community has approved the deployment of the Goldfinch smart contracts on @BuildOnBase L2!
This strategic move aligns with our mission to make the power of crypto accessible to a broader audience by improving user experience and reducing gas… twitter.com/i/web/status/1…
— Goldfinch (@goldfinch_fi)
8:42 PM • Nov 30, 2023
A lot has been said about the new blast chain - I don’t need to rehash it.
But I will say one thing
The fact that a chain can launch and within a week suck on half a billion dollars of ETH is incredibly bullish on ETH as money.
ETH is building insane monetary network effects.
— RYAN SΞAN ADAMS - rsa.eth (@RyanSAdams)
11:36 PM • Nov 30, 2023
It's airdrop season for @solana DeFi.
With only one official airdrop to date, and more coming along the way from Jupiter, Marginfi, Drift, Zeta, and JitoSol, we can expect an increase in liquidity and user engagement.
— Messari (@MessariCrypto)
8:00 PM • Nov 30, 2023
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