Coinbase Prime Facilitates MicroStrategy’s Latest Bitcoin Purchase Following €620M Bond Raise

MicroStrategy, under Michael Saylor's leadership, is preparing for another significant Bitcoin acquisition, as evidenced by test transactions via Coinbase Prime. This move follows the company's recent €620 million European bond issuance, further solidifying its stance as a major corporate advocate for Bitcoin. The firm has already added 397 BTC to its holdings, signaling continued aggressive accumulation of the cryptocurrency.

Strategy Prepares for Major Bitcoin Acquisition Following European Bond Issuance

Michael Saylor's Strategy is signaling another aggressive move into bitcoin with a series of test transactions through Coinbase Prime, typically a precursor to large-scale institutional purchases. The company recently bolstered its war chest with a €620 million European bond offering, reinforcing its position as the corporate world's most committed Bitcoin advocate.

Strategy's latest purchase of 397 BTC on November 3 brings its total holdings to 641,205 BTC—a $65 billion position acquired at an average $114,771 per coin. With Bitcoin trading near $101,800, these maneuvers could reignite institutional interest in crypto as a treasury asset.

The business intelligence firm's European capital markets debut marks a strategic expansion for the 1998 IPO company. Its systematic accumulation of Bitcoin—now representing one of the largest institutional reserves—continues to validate Saylor's 'digital gold' thesis amid fluctuating markets.

Shiba Inu Shows Resilience with 15% Price Surge, but Utility Tokens Gain Traction

Shiba Inu's price rebounded 15% to $0.000059265, buoyed by a 20% spike in trading volume and growing holder confidence. The meme coin's rally underscores its reliance on community sentiment rather than fundamental utility—a vulnerability as investors shift toward projects with tangible use cases.

NEAR Protocol and Remittix (RTX) are capitalizing on this market pivot. NEAR's blockchain scalability solutions and RTX's payment infrastructure contrast sharply with SHIB's speculative appeal. While shiba inu thrives on hype, these utility-driven tokens attract capital through technological differentiation.

Analysts note SHIB's volume surge reflects transient retail interest, not sustained institutional demand. The coin's lack of protocol upgrades or developer activity leaves it exposed during market rotations toward fundamentals.